Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 489589,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/489589/?format=api",
    "text_counter": 1171,
    "type": "speech",
    "speaker_name": "Hon. Langat",
    "speaker_title": "",
    "speaker": {
        "id": 384,
        "legal_name": "Benjamin Kipkirui Langat",
        "slug": "benjamin-langat"
    },
    "content": "Government to government loan” means any loan that is negotiated with or covered by any government or national government entity including any government Export Credit Agency (ECA) or investment insurance agency or financial institution that acts as an intermediary between the Government and exporters to facilitate export financing, whether by means of buyer or supplier credit, credit insurance, financial intermediary loans, guarantees, organization for Economic Co-operation and Development (OECD) tied-aid credit or officially supported export credit depending on the mandate granted to such export credit by the relevant government for the purposes of facilitating trade investment between the two countries. Hon Temporary Deputy Chairman, what the amendment seeks to achieve in terms of the Public Financial Management (PFM) Act, is to expand the definition of “Government loan”. When we did amendments on the Floor of this House to the PFM (Amendment) Bill, many of the projects which had already been engaged stopped because of the new changes. That is because we have quasi government bodies which, after the amendment, they are not supposed to pay directly to their creditors. Therefore, I want to propose that amendment because many of us here have projects which have been funded by different bodies. This seeks to include those international bodies which are semi–government in the definition of “government to government loans.” Therefore, all the projects that have stalled can continue because the law accommodates all the other bodies."
}