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IMF pushes Kenya to cut ballooning public debt

Kenya will hire a full time director general in charge of debt as the International Monetary Fund (IMF) pushes Kenya to manage debt.

The Bretton Woods institution says Kenya will have to adopt at least five new measures to manage its ballooning debt. In its September 2015 country report on Kenya, the lender has disclosed that Kenyan authorities have adopted a preemptive approach to process debt repayments.

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