President Uhuru Kenyatta has called for debt swaps and restructuring to help Africa cope with the financial burden occasioned by Covid-19. He equally suggested an accelerated access to alternative sources of financing as part of new approaches to financing of Africa's recovery from the pandemic.. With the DSSI almost coming to an end for Kenya, a debt swap may allow the country to pay less debt to it's creditors by transferring the debt to another organisation. "Kenya welcomes commitments from bilateral and multilateral agencies to support emerging and low-income countries in response to the COVID-19 pandemic," Uhuru said. "Kenya appreciates the extra-ordinary efforts from development partners to finance economic recovery and reduce debt vulnerability,"

Source: The Star May 19, 2021 13:52 UTC