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{
    "id": 631289,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/631289/?format=api",
    "text_counter": 79,
    "type": "speech",
    "speaker_name": "Sen. M. Kajwang",
    "speaker_title": "",
    "speaker": {
        "id": 13162,
        "legal_name": "Moses Otieno Kajwang'",
        "slug": "moses-otieno-kajwang"
    },
    "content": "Mr. Speaker, Sir, I want to talk about the petition by David Gesicho on the issue of Sukuk and Islamic bonds. It is very painful to pay interest on a loan that has been used improperly. We need to look at the depth and root of this petition. If as a country or a county, you borrow US$1 billion which cannot be traced or Kshs791 million is traced to the political class, it becomes very painful to repay that interest. I pray that the Committee will use the Eurobond as a case study of how Government borrowing should not be done. I also hope that the Committee will come up with solid and very actionable proposals on how money borrowed by the governments should be used properly and not on amorphous items like we saw in the Ministry for Devolut9ion."
}