Treasury eyes more sovereign bonds after successful debut

Treasury CS Henry Rotich and Korean Minister for Political Affairs Lee Kyung Soo exchange documents to promote bilateral trade at Treasury recently. Rotich roots for alternative funding from the East. [PHOTO BY GEORGE NJUNGE]

Move aims to diversify sources of international funding, reduce domestic borrowing and control bank rates

The National Treasury has set its eyes on Asia and Middle East in its efforts to diversify the Government's sources of international funding. The move is part of the State's bid to reduce its domestic borrowing requirements, control interest rates and stabilise the shilling and exchange rate.