President William Ruto has made major changes in matters the model of borrowing loans to ensure it’s different from what used to happen during Uhuru’s tenure. The president wants to procure foreign loans through Treasury Bonds where he is able to get proper information on the best loan in the market to avoid paying high interest rates.
Here is a link: https://twitter.com/Kenyans/status/1648259123748716544?t=9FQNym_zxy-26TSuCH-daQ&s=19
According to experts, president Ruto will not be able to run the country without borrowing loans because that has never happened anywhere. He affirms that the issue of loans requires that it’s borrowed on full knowledge of experts in the financial market.
This is a departure from what happened during Uhuru’s tenure when loans were borrowed carelessly. The former president Uhuru Kenyatta took loans that are haunting Kenya to date on matters interest rates.
Whether president William Ruto will succeed in his efforts to ensure the country is stable though responsible loans, let’s wait and see. The fact remains that Kenya cannot run without borrowing given the bad state we find ourselves into.
by: Safinews001