According to KBC, the World Bank has indicated that Kenya could reduce its high public debt distress by using part of the proceeds from the National Infrastructure Fund to retire some expensive debt.
The World Bank reported that Kenya's public debt remains elevated due to growing domestic borrowing, which increased to account for 56.2 percent of total debt by the end of a recent period, according to KBC.
The National Infrastructure Fund is being backed as a mechanism to help Kenya manage its debt situation, KBC reported.
Source: KBC