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Kenya’s Debt Strategy Isn’t Enough, Warns World Bank Country Director

World Bank Kenya country director Qimiao Fan says the country needs to do better and act quickly to transform how it spends money from the government and be more financially disciplined if it is to raise resources for key development projects. While appearing for an interview with NTV on Tuesday, Qimiao Fan acknowledged that the country’s achievement in trimming its debt-to-GDP ratio from over 70% to about 67% towards the end of last year is praiseworthy. However, he cautioned that this will not in itself guarantee continued financial stability or accelerated economic growth. “Kenya has been able to reduce its The post Kenya’s Debt Strategy Isn’t Enough, Warns World Bank Country Director appeared first on Nairobi Wire.


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