August 9

Stabilising economy is our priority, says Ndii

Thursday, July 7th, 2022 06:00 | By
Economist David Ndii. PHOTO/File

The government that will take over from the Jubilee administration will have to stabilise the economy in the first one year to save the country from plunging into crisis, a Kenya Kwanza  adviser on economic affairs says.

“The new government will have to hit the ground running to turn around the economy otherwise we will find ourselves in a situation like that in Sri Lanka,” said Kenya Kwanza economic secretary David Ndii.

He said the Kenya Kwanza manifesto dubbed “The Plan”, is aimed at addressing economic challenges which require immediate attention.

Ndii told the media during a round table meeting at a Nairobi hotel that a William Ruto government would not rush to make changes.

On corruption, they said a Kenya Kwanza government would fight the vice using existing agencies.

“Corruption cannot be fought the way our competitors are doing. You cannot eradicate the fight like a song. It’s more complicated than they think,” said Ababu Namwamba the UDA foreign policy secretary.

Debt crisis

Korir Sing’oei, who is the legal advisor at the Office of the Deputy President, said a Kenya Kwanza government would prioritise prevention of corruption.

“Our approach will be preventive rather than curative,” Singoei said.

He added: “The Kenya Kwanza administration will make public names of those doing business with the government. We will depoliticise corruption.”

On debt repayment, Ndii said a Ruto administration would address the issue of interest for loans the country owes debtors.

“It is worrying to note that interest accrued stands at Sh550 billion in domestic loans and the rest on foreign debts,” Ndii said.

He said debt baggage had exposed the country to the vagaries of foreign markets and external shocks like Covid and the war in Ukraine.

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