Kenya will in March issue a pioneering Sh129 billion debt for food swap deal with the World Food Programme (WFP) as the country seeks fresh solutions to ease the mounting debt burden.
The WFP-sponsored debt for food swaps will see Kenya identify a bilateral or multilateral creditor who is willing to forego part or all of their due payments in exchange for a commitment from the country to invest the freed-up resources towards food security initiatives such as school feeding programmes and agriculture development.
