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{
    "id": 1250560,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1250560/?format=api",
    "text_counter": 1658,
    "type": "speech",
    "speaker_name": "Kiharu, UDA",
    "speaker_title": "Hon. Ndindi Nyoro",
    "speaker": null,
    "content": "Some would ask why we are referencing the USA while reading the Kenyan budget. Kenya is part of the global economy. Every time the Federal Reserve raises interest rates, we have had capital flights from all economies of the world, hitting emerging economies especially hard. We have had capital flights from Kenya, other emerging economies, and all economies, because majority of the investors who would rather invest in Kenya, especially in instruments that do not guarantee them fixed income, have been trooping to the USA where there is no issue of currency exchange and they could do well with the current rates in the USA, especially in so far as fixed income instruments are concerned."
}