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{
    "id": 1261805,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1261805/?format=api",
    "text_counter": 158,
    "type": "speech",
    "speaker_name": "Kikuyu, UDA",
    "speaker_title": "Hon. Kimani Ichung’wah",
    "speaker": null,
    "content": "Hon. Speaker, as you may recall, back in 2014, this country embarked on what was popularly known as the Eurobonds. Some of the problems we have today are as a result of those Eurobonds. In the Committee’s Report, there is a 2014 Eurobond of US$2 billion that is maturing next year. These are some of the short-term commercial debts that have landed us into the problems we have. Part of the liability management strategy that the National Treasury has outlined —and that is also contained in the Committee Report and raised during public participation exercise by the experts who appeared before the Committee on Public Debt and Privatisation —is that besides fiscal consolidation and ensuring that we narrow our fiscal deficit, there is need for proper liability management. I am glad that the National Treasury is already working on this liability management programme. For instance, before the US$2 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."
}