We are heavily in debt, now what?
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Description
Many African countries, Kenya included are heavily indebted at the moment. Kenya owes about 14 trillion shillings, which is about 72% of our GDP. Half of this tax is domestic debt (denominated in Kenya Shillings), and the other half is foreign currency denominated (USD). What are our options, seeing as it seems we have hit the ceiling insofar as how much we can raise from taxes. Kwame talks to us about the nature of our debt currently, and our options (if any) moving forward. ------------------------------------------------------------------------ Email is on [email protected] if you have any questions, or if you want to support us. We are a self-funded podcast and would love your support!  Follow the IEA and Kwame on Twitter / X.  Follow Julians and Kellie on our socials. Julians does a terrific job on keeping us updated on what's happening in our public finance space. If you would like to get in touch with us, please drop us an email on [email protected].  This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit the414podcast.substack.com
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