Amani National Congress (ANC) party leader Musalia Mudavadi wants Kenya to renegotiate bilateral and multilateral debts with its external lenders, including those in the Eurobond market, due to the Covid-19 pandemic.
In an exclusive interview with the Nation, the ANC leader said Kenya should ask the lenders to relax debt repayment terms or have some loans written off in the wake of the virus crisis that is taking a heavy toll on the economy.
The ANC leader urged the government to quickly rationalise its projects and programmes due to the heat of the pandemic and prioritise on renegotiating the country's debts.
"After we successfully contain the pandemic, the country should also relook [each] sector like for instance tea, hides and skins, horticultural, export sector among others and ensure proper efforts are applied to revive the sectors," said Mr Mudavadi.
Mr Mudavadi urged the government to work with bodies like the Kenya National Chamber of Commerce and Industry (KNCCI) and the private sector to offer support and extend incentives to small-scale businesses in order to mitigate the effects of Covid-19 and help them make a comeback after the pandemic.
