Kenya is seeking an extension of the Debt Service Suspension Initiative (DSSI) to June 2022. This will give the East African country a one-year extension from…
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The country already has signed a Memorandum of Understanding (MoU) with the Paris Club, which will be followed by individual MoUs with each country under the Club, covering the terms of payment post-30thJune, 2021.
The latest data by the United Nations Economic Commission for Africa (UNECA) shows that on average over 10 percent of export revenues and primary income in the region is spent on debt repayments.