You just borrowed to pay a loan, Your economy is growing at a decreasing rate. So yes your debt is bad, that money has a high chance to end up to pockets of the few and the likes of you pay the loan on your hard earned moneynot bad...if it helps us grow our economy then debt is good...debt is bad when it gets out of control and we can no longer pay our creditors
No problem. Just read the parts you want. I have no need to prove anything...You should add a link to your support your comment. All we know Kenya has promise to work on IMF proposal which will be implied by 2021.
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Worrying coz they pick Kenyan news from the Kenyan media to tell us what is happening. We already know coz it's in the mainstream media. Hakuna kuficha kitu kenya, It will be picked by a media house or social media. I don't think it happens at the same level in TZ.Isnt it funny how Tanzanian forummers are concerned about Kenyas debt. Coming from a country that operates on zero foreign reserves thats funny. Is it the same country whose only airplane was auctioned overseas?
That makes debt to GDP ratio 65% right?
No just wish us the worst. We will be just fineTanzania has always been concerned on the wellfare of other African nations, go back to history class in confirm that. We wish you well
Which investors? Eurobond is for wallstreet and FTSE greedy gamblers and money changers, and since its a sovereign bond its a safe bet. Ever wondered why WB/IMF/ADB cannot extend that kind of money? Because that kind of $ needs a proper financial ROI plan, si hii ya kukopa ndio ulipe pesa yenye uliibathis $2bn is a good thing...it shows that Kenya is still credit worthy even if other institutions like Moody's think otherwise...plus it will finance some very meaningful projects...even if they will steal some of it, I am sure that Kenya will not be the same in 5 years time...
I dont agree with misappropriation of public funds or taking new debts to pay old ones...hapo sikubaliani kabisa na government...but think of all the useful investments that $2 billion can do...the stadiums, the industries, the health insurance, the dams that will boost food security among other things....nothing comes easy my friend,..we must be prepared to take risks such as these in order to develop this country...no economy ever grew without debt...even those developed countries you see have massive debt to GDP ratios...we could be looking at an economic miracle in the coming years...that is if they dont steal all of it...the only problem is corruption otherwise I dont see any problem with debt...Which investors? Eurobond is for wallstreet and FTSE greedy gamblers and money changers, and since its a sovereign bond its a safe bet. Ever wondered why WB/IMF/ADB cannot extend that kind of money? Because that kind of $ needs a proper financial ROI plan, si hii ya kukopa ndio ulipe pesa yenye uliiba
Isnt it funny how Tanzanian forummers are concerned about Kenyas debt. Coming from a country that operates on zero foreign reserves thats funny. Is it the same country whose only airplane was auctioned overseas?
I dont agree with misappropriation of public funds or taking new debts to pay old ones...hapo sikubaliani kabisa na government...but think of all the useful investments that $2 billion can do...the stadiums, the industries, the health insurance, the dams that will boost food security among other things....nothing comes easy my friend,..we must be prepared to take risks such as these in order to develop this country...no economy ever grew without debt...even those developed countries you see have massive debt to GDP ratios...we could be looking at an economic miracle in the coming years...that is if they dont steal all of it...the only problem is corruption otherwise I dont see any problem with debt...
trueyou are very right, the issue is money safety. how to ring fence them from wakora. debt if used according to the purpose i.e. investment plan, that more than excellent. the question is will the debt money will be safe!!?
Ring fence from wakora? When the president's own family is stealing from Afya house? When the president personally protects corrupt ministers? You are asking for a wolf to look after your lambsyou are very right, the issue is money safety. how to ring fence them from wakora. debt if used according to the purpose i.e. investment plan, that more than excellent. the question is will the debt money will be safe!!?
Ring fence from wakora? When the president's own family is stealing from Afya house? When the president personally protects corrupt ministers? You are asking for a wolf to look after your lambs
considering it's only last year Brazil wrote off $200m debt owed By LDC Tanzania.Isnt it funny how Tanzanian forummers are concerned about Kenyas debt. Coming from a country that operates on zero foreign reserves thats funny. Is it the same country whose only airplane was auctioned overseas?