Kenya promises full disclosures on public debt in a new financial plan
Kenya's Treasury Principal Secretary Chris Kiptoo. The Kenyan Treasury is facing tough options ahead of the Eurobond repayment. PHOTO | LUCY WANJIRU | NMG
Kenya has set a three-year road map towards fully shifting its government financial transactions to a buildup basis of accounting, in a new financial reporting plan that promises to reduce the cost of foreign loans.
The idea is to also provide full disclosures on public debt whose legitimacy and usage of the proceeds have become a matter of public concern.
