Kenya ranked fourth in World Bank debt burden

Photo credit: Nation Media Group

Kenya was ranked fourth with high interest payments as a share of export earnings by International Development Association (IDA), the soft loan affiliate of the World Bank, which helps the world’s poorest countries.

Recent data from International Debt Report by World Bank reveals, Mozambique led with 38.3 percent, followed by Senegal at 25.9 percent. Other countries include Pakistan at 13.6 percent, Kenya (12.8 percent) and Dominica (10.3 percent).

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Note: The results are not exact but very close to the actual.