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{
    "id": 1352667,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1352667/?format=api",
    "text_counter": 2427,
    "type": "speech",
    "speaker_name": "Chesumei, UDA",
    "speaker_title": "Hon. Paul Biego",
    "speaker": null,
    "content": " Thank you, Hon. Temporary Speaker for giving me this opportunity. I stand here to support the Report from the Public Debt and Privatisation Committee and kudos to the Chairman, his Vice Chairman and the Committee Members for giving us a very good Report. What has interested me is the fact that they have factored in what has been taken note in Recommendation 8.3. That in addition to the Public Finance Management (PFM) Act 2012 provisions, the reports indicated above should also include information related to... That is what has made me rise in support of the Report on the use of Export Credit Agencies (ECAs) and the respective contingent liability exposure. This will include contracts signed, expected benefits to the country, and any guarantee offered should be subject to the approval of Parliament. I believe if that is effected, then we will take good care of any liabilities or loans that are being taken on behalf of the country. What I support strongly is the fact that the use of Central Bank of Kenya’s (CBK) overdraft facility would be factored in. There would probably be no misuse of such funds. The quarterly reporting on the projects would be known and well guided. I take this opportunity to strongly support the Report by the Committee."
}