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Questions raised as Government defers payment of $600m loan

Treasury Cabinet Secretary Henry Rotich. [PHOTO: FILE/STANDARD]

By James Anyanzwa and Reuters

Could the economy be in financial distress? This is the big question among economists after the Government moved to reschedule a $600 million (Sh52.2 billion) syndicated loan. The National Treasury received a three-month extension on the commercial debt after its debut $2 billion (Sh174 billion) Eurobond was delayed.

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