Treasury now seeks debt expert help - 6 months ago, 9 Aug 06:55

By: Brian Ngugi

The Treasury is recruiting a team of debt management experts in a move that signals rising concern over Kenya’s spiraling loans load that has exerted liquidity pressures on the economy.

Up to 20 experts are being hired in the recruitment drive intended to sharpen the government’s focus on management of costs and ability to raise and service new debt, the Treasury said in a notice inviting applications for the jobs.

“They will provide guidance in determining borrowing ceilings for national and county governments,” Treasury Principal Secretary Kamau Thugge says in the job descriptions seen by the Business Daily.

The experts will formulate debt management policies…and review proposals to inform the determination of the annual borrowing threshold, the PS says.

The officers will also be tasked with reviewing debt sustainability reporting formats, preparing proposals for debt restructuring as well as liaising with the Central Bank of Kenya (CBK) and other Treasury departments for “effective debt ...
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