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How to eliminate current account deficits

Our leaders would do well if they take advantage of the continued narrowing of the current account deficit to step up measures that eliminate it altogether.

This will lead to a trade surplus. It would silence critics who accuse the State of piling debt that could be unsustainable in the event the global economy goes on a free-fall. The leadership knows what Kenya needs to do to increase exports. The tragedy, though, is that it is taking time to go beyond formulating policy.

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