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Kenya's MPs push for suspension of projects in austerity drive

The East African
Tuesday April 06 2021
Kenya’s Parliamentary Budget Office (PBO) has advised the National Treasury to defer projects by one year even as Cabinet Secretary for the National Treasury Ukur Yatani prepares to table a spending plan for Ksh3 trillion ($27.52 billion) in the 2021/22 fiscal year amid growing pressure to control public expenditure, reduce borrowing and put off new projects to save a struggling economy.
PBO wants Treasury to rationalise recurrent spending as much as possible and freeze nominal expenditure growth for all spending categories particularly growth supportive sectors such as energy and infrastructure.
The MPs have also demanded that infrastructure spending be limited to major road networks and that the government should reinforce the work-from-home option for public servants and encourage shift to online platforms for meetings to reduce demands on operations and maintenance. ....

United States , France General , Addis Ababa , Kristalina Georgieva , Paul Kagame , International Monetary Fund , National Treasury Ukur Yatani , Debt Service Suspension Initiative , Kenya Parliamentary Budget Office , Paris Club Debt Service Suspension Initiative , Growth Trust , Us Congress , National Treasury , National Social Safety Net , Parliamentary Budget Office , Cabinet Secretary , Budget Options , State Corporations , Kenya Industrial Estates , Brand Kenya , Building Bridges Initiative , Special Drawing Rights , President Paul Kagame , Special Drawing Rights Act , Managing Director , Finance Ministers ,

US targets $650b in reserves to help low-income countries in Covid-19 crisis

US targets $650b in reserves to help low-income countries in Covid-19 crisis
Tuesday April 06 2021
Romanian tourists at the Moi International Airport, Mombasa. The pandemic has hit the tourism sector hard, denying countries much needed revenue. PHOTO | WACHIRA MWANGI
Summary
Africa urgently needs an economic relief package that includes loan restructuring, debt relief and a reallocation of SDRs from rich countries to navigate the challenge of a health and economic crisis.
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The US Congress is set to approve $650 billion in global reserves or Special Drawing Rights held by the International Monetary Fund.
The funds will provide temporary financial relief to low-income countries, especially in Africa, hard hit by the coronavirus pandemic. ....

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Kenya's MPs push for suspension of projects in austerity drive

Kenya's MPs push for suspension of projects in austerity drive
theeastafrican.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theeastafrican.co.ke Daily Mail and Mail on Sunday newspapers.

Kristalina Georgieva , Paul Kagame , Ukur Yatani , Kenya Parliamentary Budget Office , International Monetary Fund , Us Congress , National Treasury , National Social Safety Net , Parliamentary Budget Office , Cabinet Secretary , Budget Options , State Corporations , Kenya Industrial Estates , Brand Kenya , Building Bridges Initiative , Special Drawing Rights , President Paul Kagame , Special Drawing Rights Act , Managing Director , கேந்ய பாராளுமன்றம் பட்ஜெட் அலுவலகம் , சர்வதேச பண நிதி , எங்களுக்கு காங்கிரஸ் , தேசிய கருவூலம் , தேசிய சமூக பாதுகாப்பு நிகர , பாராளுமன்றம் பட்ஜெட் அலுவலகம் , மந்திரி சபை செயலாளர் ,

Huizenga bill would bolster Congress' say in foreign aid

Huizenga bill would bolster Congress' say in foreign aid
hollandsentinel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hollandsentinel.com Daily Mail and Mail on Sunday newspapers.

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