Kenya in talks over World Bank loan to cut its commercial debt
The country wants to cut debt from overseas capital markets, after a borrowing binge in recent years
17 January 2020 - 12:15
Nairobi — Kenya is in advanced talks with the World Bank for “a fairly priced” loan of up to 100-billion shillings ($991.57m), nearly half its required external funding this fiscal year, a senior Kenyan treasury official said on Friday.
The country wants to cut debt from overseas capital markets, after a borrowing binge in recent years, including eurobond offerings, a package of Chinese loans, and syndicated commercial loans...
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