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{
    "id": 1000960,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1000960/?format=api",
    "text_counter": 193,
    "type": "speech",
    "speaker_name": "Amb. Ukur Yatani",
    "speaker_title": "The Cabinet Secretary, National Treasury and Planning",
    "speaker": null,
    "content": "and Kshs540 million to enhance tree planting programme across the country using locally sourced seedlings. Hon. Speaker, the eighth and final theme of the Stimulus Programme is manufacturing. In this area, the Government will promote the “Buy Kenya Build Kenya” policy. To this end, we propose an initial investment of Kshs600 million to purchase locally assembled vehicles. This will sustain the operations of local motor vehicle manufacturers which is aimed at safeguarding jobs. I further propose an allocation of Kshs712 million to provide credit targeted to micro, small and medium enterprises in the manufacturing sector. In addition to implementing the Economic Stimulus Programme that I have enumerated, the Government is formulating a Post-Covid-19 Economic Recovery Strategy to mitigate the adverse impacts on the economy and further re- position the economy on a steady and sustainable growth trajectory. The Post Covid-19 Economic Recovery Strategy will focus on the following: 1. Sound macroeconomic policy framework to support a higher sustainable economic growth that will address the challenges of poverty, unemployment and income inequality; 2. Adequate local and foreign resource mobilisation to ensure sustainable funding of our development programmes; 3. Enhancing the role of the private sector in the economy, including financing infrastructure projects from diverse sources such as Public Private Partnership and lease financing; 4. Supporting micro, small and medium enterprises by facilitating access to adequate finances through the Credit Guarantee Scheme; 5. Full and timely implementation of the Economic Stimulus Programme which will create jobs and stimulate businesses; 6. Investment in ICT and digital infrastructure to support the use of digital platforms to facilitate e-commerce and efficient delivery of public services; 7. Promotion of local production processes and domestic supply value chains; 8. Enhancement of disaster risks management systems; 9. Improvement of social-protection through targeted policy interventions and programmes; and; 10. Strengthening monitoring and evaluation system for quality outcomes of the projects. Hon. Speaker, in preparing the Post-Covid-19 Economic Recovery Strategy, we will ensure the process is all inclusive. To this end, I will draw inputs and ideas from diverse groups including experts from both national and county governments, private sector, development partners, academia and research institutions and other relevant stakeholders. It is also important to note that we are less than ten years to the end of our long-term development blue print – the Kenya Vision 2030. As we conclude its implementation, we need to think of the next development framework for this country. In this respect, the preparation of the next long- term development plan will benefit from this Post-Covid-19 Economic Recovery Strategy. The new plan beyond the Kenya Vision 2030 will take cognisance of the transition of Sustainable Development Goals of United Nations and the Africa Union Agenda 2063. This will be a precursor to hundred years of Kenya’s independent celebrations. To improve the business environment, increase efficiency in public service delivery and enhance accountability and transparency in our conduct of business, I propose the following structural reforms: The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}