Kenya still faces a significant risk of debt distress despite a Sh218.53 billion ($1.5 billion) new Eurobond issue that helped to calm foreign investor jitters over the possibility of the country defaulting on the repayment of its debut $2 billion (Sh291.38billion) Eurobond that is maturing in June.
The Parliamentary Budget Office (PBO) said the economy is still in danger of a liquidity crisis with its key debt sustainability indicators, including debt service-to-revenue ratio and debt-to-gross domestic product (GDP) ratio headed south.
