Kenya in Talks on Debt Relief, Pension-Interest Payments Freeze
- Talks under way with creditors who may opt to defer payments
- Actuaries body proposed interest on pension assets be frozen
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Kenya is exploring debt-relief options with lenders and considering a proposal by an industry body to freeze interest payments on pension assets, as the state seeks more money to deal with the coronavirus pandemic.
Talks are under way with creditors who may opt to delay payments due this year, Treasury Principal Secretary Julius Muia said by phone on Friday. He declined to identify the lenders, but specified that the talks involved bilateral and multilateral lenders, rather than Eurobond-holders.