Go slow on domestic debt, Treasury told

UNCTAD Secretary-General Mukhisa Kituyi (R) and Head of Statistics and Information Branch Steve McFeely addressing a press conference at KICC. [Boniface Okendo/Standard]

The Government has been urged to slow down on domestic borrowing so as to free up credit to the private sector.

United Nations Conference on Trade and Development (UNCTAD) Secretary-General Mukhisa Kituyi said yesterday the Government’s continued excessive borrowing in the domestic market is crowding out the private sector, particularly Small and Medium Enterprises (SMEs).