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Kenya’s Domestic Debts Surpass Foreign as Interest Rates Peak

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  • Domestic debt now 50.34% of total, surpassing foreign debt
  • Strengthening shilling contributes to decline in external debt

 

Nairobi, Kenya – Kenya’s domestic debt has surpassed external debt for the second time in 18 months, pinpointing the government’s increased reliance on banks, insurance, and pension institutions to finance the budget deficit.

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