The post Treasury, Jubilee Administration And The Debt Crisis! appeared first on Gado.
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:D:D Gado si ako na ufala.
whom do you believe gado or the I M F
Speaking during the launch of the Regional
Economic Outlook for sub-Saharan Africa,
Kenya’s IMF Resident Representative
Armando Morales, downplayed fears that the
country’s debt-to-GDP ratio was spiraling
out of control.
“Debt in Kenya is classified by the IMF as
low-distress risk. And to move to distress,
you have to move through two other
categories - moderate risk and high risk, and
Kenya is below that. So it is very unlikely
that the country will face a situation of
distress in the coming years,” said Mr
Morales.
no alarming bells
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Babuon and his hordes of non thinking followers know better than the IMF and World Bank.
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He he he
Those who want to see the true debt crisis should Google ‘Greece economy’
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kalesingha ameonewa…
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Imf and world bank will always say anything to give you a loan,what did they say during kibaki era?
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no bank will give you a loan when there’s a high risk of default…but hey you believe what makes you sleep at night
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You expect a shylock eyeing your fertile farm to tell you that the remaining portion isn’t acceptable for a loan?
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Gado ako juu
hapa muskize jamaa wa upusi…
imf ni shylock
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so that they see what?
Regardless of politics, ku-side na IMF ni kama kuku ku-side na mchinjaji.
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uuuuuuum thats exactly what a “prime loan” is. The bank/lender actually takes the risk because they stand to make a BUTTLOAD of money off the insurance if and when you do eventually default. … they actually praying that you do default.
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What worries most is not that Kenya is sinking into debt, nope. The most worrying thing is that we are actually sinking into serious debt, but even that has to be debated from a CORD-Jubilee angle.
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Ni wewe from K-List?
GDP to debt ratio
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The only thing thats worrying I and most kenyans is that there are no tangible investments being made by the pple in power apart from their pockets.
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what about it?