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{
    "id": 62109,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/62109/?format=api",
    "text_counter": 298,
    "type": "speech",
    "speaker_name": "Mr. C. Onyancha",
    "speaker_title": "",
    "speaker": {
        "id": 126,
        "legal_name": "Charles Onyancha",
        "slug": "charles-onyancha"
    },
    "content": "The Government as the guarantor of these loans should have made sure that in guaranteeing it, it had a fall-back position on how to recover it. What concerns us, however, is the arm-twisting of foreign governments to support their banks because some of the funds which were guaranteed were from a bank in Austria which eventually sought its Government’s assistance. When Kenya went to the Paris Club in 2000 to request for assistance with regard to rescheduling of its loans, the Austrian Government put a caveat forcing the Government of Kenya to accept to repay the debt. I see this arm-twisting from our development partners as being completely unacceptable."
}