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Originally published by Citizen DigitalDecember 4, 2025
2d ago
Kenya, U.S agency to proceed with Ksh.129 billion debt-for-food swap
Kenya, which is laden with high public debt and repayments, has been seeking new sources of financing to create room for development spending and investments in infrastructure.Ruto is in Washington to.....
✨ Key Highlights
Kenya and the U.S. International Development Finance Corporation (DFC) will proceed with a $1 billion (Ksh.129.3 billion) debt-for-food security swap. This agreement aims to replace Kenya's costly existing debt with lower-cost financing, with saved funds to be channeled towards food security programs.
- The DFC will provide $1 billion (Ksh.129.3 billion) in lower-cost financing to Kenya.
- William Ruto, President of Kenya, confirmed the agreement, noting increased DFC engagement, including a representative based in Nairobi next year.
- Similar to debt-for-nature swaps, this initiative will free up funds for critical development spending and infrastructure investments in the debt-laden East African nation.
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