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{
    "id": 435131,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/435131/?format=api",
    "text_counter": 350,
    "type": "speech",
    "speaker_name": "Hon. Langat",
    "speaker_title": "",
    "speaker": {
        "id": 384,
        "legal_name": "Benjamin Kipkirui Langat",
        "slug": "benjamin-langat"
    },
    "content": "As has been said, one of the factors causing the interest rates in this country to really rise to a level where they are now around 20 per cent, is because the Government is a very active player in the market. In fact, if you look at borrowings in the local money market all the time, the Government is always borrowing from it. It is actually posing serious competition to other borrowers because it has the capacity to attract huge resources. But if this House allows these amendments to pass, we will simply allow the Government to borrow from the international market. The Government can borrow from wherever the interest rates are cheap. This will allow local businessmen to borrow within the borders of Kenya."
}