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{
    "id": 1213853,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1213853/?format=api",
    "text_counter": 224,
    "type": "speech",
    "speaker_name": "Baringo North, UDA",
    "speaker_title": "Hon. Joseph Makilap",
    "speaker": null,
    "content": " Thank you, Hon. Temporary Speaker. I want to declare that I am a Member of this Committee. This country is living on borrowed time unless we implement the recommendations of the Committee. We are operating between fiction and reality. The fiction in Kenya is that the dollar exchange rate is Ksh126, but when you go to a bureau, the dollar retails at around Ksh130. Loan agreements were made in United States dollars and it was not agreed that the loans shall be paid at the exchange rate existing at the time of their taking. As the rate of the dollar rises, loans become very expensive. Therefore, we agreed that if we have to borrow in US$, then we must fix the rate of repayment. This is 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."
}