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First Moody’s Now the IMF, Warnings About Kenya’s Debt Levels Are Starting to Pile Up

Tweet by Gyude Moore, Liberia's former public works minister and now a fellow at the Center for Global Development in Washington.

The International Monetary Fund raised Kenya’s risk of debt distress to high from moderate in a statement on Tuesday because of the costly impact of the worsening COVID-19 crisis.

The IMF said that even though Kenya’s debt load is still manageable, the fund is becoming increasingly concerned that the dramatic slowdown in trade and overall economic activity will hamper the country’s ability to service its rather large and somewhat expensive debt portfolio.

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