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Senate Committee on Finance takes on Treasury CS on Status of Public Debt

MOMBASA, 11th August – The Senate Committee on Finance and Budget has directed
Treasury CS, Amb Ukur Yatani to furnish, within seven days, a schedule of Commercial
External Debt that it has earmarked for retirement.
In a meeting between the Senate Committee and the Treasury on the status of public debt in
Kenya chaired by Sen. Charles Kibiru, the CS reported that retiring debt ‘is a long and
tedious process' and that Treasury had engaged experts to advise on restructuring the loans.