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Treasury to rebase GDP after new Eurobond tap
Treasury Cabinet Secretary Ukur Yatani at the launch of the 2020 Economic Survey at the Treasury Building in Nairobi on April 28, 2020. PHOTO | EVANS HABIL | NMG
Kenya has kicked off its fourth Eurobond offer with a promise to review the size of the economy later in the year through a rebasing similar to the one conducted in 2014.
The expected resultant higher GDP figures will help improve Kenya’s debt-to-GDP ratios and can, therefore, be applied by the country to justify the capacity to carry a larger debt load.
