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UN sounds the alarm on Kenya’s high debt service costs
A makeshift classroom at Embositit Primary School in Tiaty, Baringo, on September 11, 2024. A UNCTAD report says that Kenya spends more on debt interest payments than on either health or education, a situation that is untenable and must change.
A United Nations agency has flagged Kenya’s elevated expenditure on debt interest payments which it said is constraining the country’s ability to fund critical services such as education and healthcare.
The UN Conference on Trade and Development (UNCTAD) has listed Kenya among countries with the biggest share of net revenues going into servicing the cost of loans, shining a spotlight on expensive debt procured in the past decade.
