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{
    "id": 1031444,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1031444/?format=api",
    "text_counter": 399,
    "type": "speech",
    "speaker_name": "Kitui Central, WDM-K",
    "speaker_title": "Hon. Makali Mulu",
    "speaker": {
        "id": 1955,
        "legal_name": "Benson Makali Mulu",
        "slug": "benson-makali-mulu"
    },
    "content": "The other point is the renegotiation of the loans. I heard the Chair say that we need to renegotiate the loans because of COVID-19 and other reasons so that the way we pay them could be restructured or changed. This to me, brings out quite a number of questions. The first one is: When we were getting the loan, had we done due diligence in terms of feasibility studies and the best international practices? When I heard that we need to do some recommendations, I asked myself whether the Chairman made any comparison with international best practices. For example, when they recommend reduction of a levy to 1.5, is that what happens out there where we have best practice? This is not the first line in the world. It is there in Europe, Japan and China. Even as we make recommendations, it is important that we look at what happens elsewhere so that we compare ourselves. Otherwise, we will start pushing for monopoly of such institutions and the SGR will become a monopoly project and on that basis they can start milking Kenyans without anybody questioning. I do not think that this is the way we want to go."
}