Tag: Expenditure-based fiscal policy

Latest Article 11 Jul 2024

Moody Ratings and Kenya’s Path on a Fiscal Tightrope

  Moody’s Ratings recently downgraded Kenya’s local and foreign currency long-term issuer ratings and foreign currency unsecured ratings to Caa1 from B3. This rating largely paints a negative outlook for the country’s fiscal status. The downgrade is significantly reflective of a diminished capacity to implement revenue-based fiscal consolidation that would improve debt affordability and place […]...

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