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.
In 2013 for every Sh100 that KRA collected only Sh15 was used to repay interest on debt that number will be Sh32 by 2023.