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{
    "id": 1103193,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1103193/?format=api",
    "text_counter": 236,
    "type": "speech",
    "speaker_name": "Sen. Faki",
    "speaker_title": "",
    "speaker": {
        "id": 13211,
        "legal_name": "Mohamed Faki Mwinyihaji",
        "slug": "mohamed-faki-mwinyihaji-2"
    },
    "content": "Thank you, Madam Deputy Speaker. First of all, I wish to thank all the Senators that have contributed to this Motion. I want to assure the Senate that we shall consider all other regulations that come to our Committee impartially and to the best interest of the country. Secondly, I want to thank the Governor of the Central Bank of Kenya (CBK), Dr. Njoroge, for his able presentation before the Committee. When we met the Governor on the 7th, he took time to take us through the regulations and the fears that the CBK had concerning them. He was unequivocal that at the moment, the country does not need this fund. He said that what was needed was a proper strategy to manage our debt so that the debts that we are incurring are ably utilized properly and the country achieves economic prosperity as we move along. He also informed us that there were many alternatives that can be applied to manage the debt as opposed to the sinking fund which will result in setting aside funds to lie idle without any economic activity. He informed us that he will be meeting the Senate Committee on Finance and Budget soon to discuss the debt issue. I will invite Members of the Committee on Finance and Budget and any other Senator that will be available to attend this meeting because it will be an eye opener on the work that we do in this House. Madam Deputy Speaker, I finally want to thank the Speaker and the Secretariat of the Committee for their able assistance to the Committee in the consideration of these regulations and any other regulations that are coming to this Committee. Pursuant to Standing Order 61 (1), I beg to move that the putting of the question be deferred to a later date. Thank you, Madam Deputy Speaker."
}