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{
    "id": 1222113,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1222113/?format=api",
    "text_counter": 181,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "4. THAT, in order to safeguard against exchange rate fluctuations, the National Treasury should consider hedging mechanisms on foreign exchange risks and/or negotiating lending agreements in Kenya Shillings. 5. THAT, the National Treasury undertakes a review of all undisbursed loans amounting to Ksh1.179 trillion and submits to the National Assembly within one month, a report with information on terms, status, reasons for non- disbursement and proposals on any loans that can be cancelled to save spending on commitment fees. 6. THAT, in adherence to the Accra Agenda for Action 2018, donor support MUST be aligned to the country’s budget cycle to facilitate proper planning by the implementing agencies and reduce occurrence of undisbursed loans. 7. THAT, within two months, the National Treasury submits to this House a strategy for resolution of non-performing loans linked to various State- Owned Corporations (SoCs) including Kenya Airways. 8. THAT, the Office of the Auditor-General expedites the audit of project loans under the water sector and the Ksh9.9 billion loan borrowed on behalf of Kenya Power (KP) and submits this report to the House. 9. THAT, in the next budget cycle, the National Treasury aligns the borrowing strategy proposed in the Budget Policy Statement with the borrowing strategy in the Medium-Term Debt Strategy (MTDS) in order to ensure credibility of the Government’s planning documents. 10. THAT, in the next budget cycle, the National Treasury must undertake public participation on the MTDS in line with Article 201 of the Constitution. 11. THAT, going forward, the MTDS should live up to its expectation as a medium-term document by showing consistency in proposed debt management strategies on a three-year rolling framework, from one MTDS to another. 12. THAT, the National Treasury undertakes a sensitivity analysis on the 2023 MTDS and submits to this House, within two weeks, a contingency plan on measures to be undertaken in the event of revenue shortfalls or under- performance of loans."
}