IMF: Why Kenya is borrowing more but building less as East Africa’s fiscal trap deepens

The International Monetary Fund (IMF) says Kenya and several East African economies are entering a fiscal squeeze where rising debt-servicing costs are leaving governments with less money for infrastructure, healthcare and education. In its latest regional outlook, the IMF warns… The International Monetary Fund (IMF) says Kenya and several East African economies are entering a fiscal squeeze where rising debt-servicing costs are leaving governments with less money for infrastructure, healthcare and education. In its latest regional outlook, the IMF warns…