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Ongoing fiscal reforms and steady economic growth could see public debt drop to 55 percent of GDP by 2030, a milestone that could redefine Kenya’s position in global financial markets. This is according to Treasury Cabinet Secretary John Mbadi, in a workshop in Mombasa, bringing together global partners including UNDP, Japan, and the UN Economic Commission for Africa, to strengthen Kenya’s credit rating framework. During the workshop, it emerged that Kenya is looking to cut borrowing costs by pushing for an investment grade credit rating.
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