Kenya is headed for IMF’s bitter pill
Friday January 15 2021
By JAINDI KISERO
Summary
We have told the world that we will be devoting the resources freed up by this action by our bilateral creditors to increase spending on health, and on mitigating the economic and social impact of the Covid-19 crisis.
We have also said that we will now be approaching China, who is not a member of the Paris Club, to also suspend debt service so that comparability of treatment is achieved,
Without a doubt, these are positive developments for cash-strapped Kenya. But it is important to put this debt service waiver by the Paris Club in a broad context.
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