The Institute for Social Accountability
Wananchi Rada!
Right to food is one of the fundamental human rights recognized at both national and global level. In Kenya, right to food is a constitutional guarantee (Article 43 1 C and 53 1 C) but despite this, almost 30 percent of the population is undernourished. The consequences of food insecurity are far-reaching.
The following brief summarizes Kenya’s debt crisis, the role of weak governance and corruption, and several top reforms needed to assure the accountable use of financing moving forward.
We refer to the public notice released by the National Treasury on the 25th of January 2025 requesting submissions on the 2025 Medium Term Debt Management Strategy. Among other things, we have prepared a submission proposing the sinking fund alternative from the ever-rising interest payment rates, acceleration of the fiscal consolidation through ordinary revenue and rationalization of expenditure, realistic GDP growth projections, and the independence of the Public Debt Management Office from the National Treasury and Economic Planning.