Is Kenya likely to go the Sri Lankan way? Unlikely.

Sanyatti

Member
Is Kenya likely to go the Sri Lankan way?Unlikely. Kenya's external debt is 35% of GDP while that of Sri Lanka is 70% . Kenya has more foreign exchange reserves, less expensive commercial loans(like Eurobonds), more import cover, and a more diversified economy.
In 2013 for every Sh100 that KRA collected only Sh15 was used to repay interest on debt that number will be Sh32 by 2023.
 
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