Kenya's debt ceiling now anchored to GDP as Sh10trn cap scrapped
Members of the National Assembly during a sitting on June 7, 2023. Parliament has approved the conversion of Kenya’s Sh10 trillion debt ceiling with a debt anchor as a percentage of gross domestic product (GDP), fulfilling a promise to the International Monetary Fund (IMF) by the previous administration.
Parliament has approved the conversion of Kenya’s Sh10 trillion debt ceiling with a debt anchor as a percentage of gross domestic product (GDP), fulfilling a promise to the International Monetary Fund (IMF) by the previous administration.
The National Assembly’s Public Debt and Privatisation Committee has approved the setting of the debt threshold at 55 per cent of the GDP in present value terms.
