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By Millicent Muthoni
The Italian Government has converted the bilateral debt owed to it by its Kenyan counterpart into financial resources to implement development projects. In an agreement signed in October, 2006, between the two governments, a total of 44 million Euros (Sh4.4 billion) that would otherwise have gone to repaying the debt will be channelled into projects across four sectors namely health, water and irrigation, urban development and education over a period of 10 years.
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