National Treasury of Kenya. Economists say the government will be forced to reduce spending on key infrastructure projects to repay the loans. PHOTO FILE | NATION
Kenya risks failing to qualify for new loans to finance development projects due to the rising public debt, whose repayment is cutting into the smooth running of the government, economists have said.
The Kenya Institute of Public Policy Research and Analysis (KIPPRA) said the growing public debt coupled with the increased volume of commercial loans are narrowing the window for future borrowing.
