IMF cautions over Kenya debt vulnerability

The International Monetary Fund (IMF) has cautioned that Kenya’s rising debt levels need to be contained to cushion the economy from unplanned shocks.

The international lender’s Kenyan representative Jan Mikkelsen said while the economy had proved to be resilient to drought and a prolonged electioneering period this year, the rising public debt was a concern and needed to be checked to avoid any shocks to the economy in the future.