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{
    "id": 1056464,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1056464/?format=api",
    "text_counter": 156,
    "type": "speech",
    "speaker_name": "Suba South, ODM",
    "speaker_title": "Hon. John Mbadi",
    "speaker": {
        "id": 110,
        "legal_name": "John Mbadi Ng'ong'o",
        "slug": "john-mbadi"
    },
    "content": "If we are to help this country, we have to go back and see where the rain started beating us. Hon. Kanini Kega has talked as the Chairperson of my Committee. This financial year and the last one, we have been borrowing money at zero interest rates. Previously, we were taking commercial loans. This is the first year that IMF and its conditions and conditionalities is giving us Ksh78 billion at zero interest rates to be repayable in 30 years. This is the first time that the World Bank is giving us Ksh82 billion to pay at 1.4 per cent for a longer period of time and this is the first time that the African Development Bank (ADB) is giving us Ksh22 billion to pay at below 2 per cent interest rate. From 2013, we were borrowing money to pay at between 7 and 8 per cent interest rate. We were out there organising road shows like we are in Kondele Market trying to look for people to give us money. Nobody in this Government could listen. I am grateful that now, at least, Uhuru Kenyatta, the President of this country is listening to us. Please, continue listening to us. Do not listen to people like your deputy because they long lost direction and do not know where this economy is heading to and that is why they of talk things they do not understand."
}