Emerging Market news: The Paris Club of creditor nations said it agreed to restructure the external public debt of Kenya in a bid to further support government efforts in economic recovery under an IMF arrangement.

The Paris Club of creditor nations said it agreed to restructure the external public debt of Kenya in a bid to further support government efforts in economic recovery under an IMF arrangement.

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East-West Debt july 2004 news, Emerging Markets update : KENYA

We are pleased to present another issue of East-West Debt Emerging Market news update on the debt situation in the world. International events influence the solutions for solving overdue trade and bank debts. East-West Debt can offer our readers attractive financial solutions for solving non-performing trade and bank debts ...

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KENYA news in short

The Paris Club of creditor nations said it agreed to restructure the external public debt of Kenya in a bid to further support government efforts in economic recovery under an IMF arrangement. The agreement reschedules US$ 350 million of arrears and maturities falling due between January 1, 2004 and December 31, 2006. This latest deal will reduce Kenya’s debt to a manageable US$ 147 million. Creditors and the Kenyan government agreed that Kenya did not require debt reduction within the framework of the enhanced initiative for the Heavily Indebted Poor Countries, due to its economic and financial outlook.

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