Kenya: Future debt disaster
September 15, 2017 17:45 - no comments yet | No one following this article yet.
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The Kenya Social Watch report registers “heavy and unprecedented investment in mega-infrastructure projects.” Instead of spurring equitable economic growth these initiatives are placing on the national economy an unbearable debt burden of some US$ 50 billion.
The report states that “the growth-leading sectors have not only been broadly based but also have performed poorly, particularly in respect to poverty-reduction and equity-inducing policy dispensations and accompanying strategic instruments. Decreased activity in the agricultural and manufacturing sectors have induced a jobless growth that has had the effect of a flood in the wake of which not all the boats could be lifted. Instead it has rendered Kenya one of the most unequal societies in the world.”
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