Report shows distressed debt levels a threat to development

The institute of public finance (IPF) has expressed concerns over Kenya’s ability to meet its debt obligation in the event of unforeseen global economic shocks. IPF says Kenya has breached all debt sustainability analysis indicators putting it at high risk of debt distress, even as it notes that the country’s debt has not yet become a crisis, but could easily turn if the government does not address its expenditure priorities to mitigate against unforeseen shocks.