Kenya plans to defer Sh75 billion in debt payments under G20 initiative

CS Ukur Yatani

Kenya has changed its mind about a G20 coronavirus debt relief initiative it declined to join earlier this year, and is now planning to defer around Sh75 billion $690 million in debt payments, Cabinet Secretary Ukur Yatani said

Kenya had said in May that it would not seek suspension of debt payments under the G20’s Debt Service Suspension Initiative (DSSI), aimed at helping poor countries weather the COVID-19 pandemic, as it found the terms too restrictive.