Nairobi, Nov. 6 -- Powerful Western lenders led by the World Bank and the International Monetary Fund (IMF) forced Kenya to convert dollar-denominatedstandard gauge railway (SGR)debt intoyuan after concerns that the creditors' cash was being channelled to China.

PresidentWilliamRuto's top economic advisor, David Ndii, said themultilateral lenders were disturbed over the use of their dollar loans to pay China instead of supporting the country's budget and infrastructure projects.

Kenya last month completed converting three dollar-denominated loansfrom China intoyuan, with the Treasury saying it wouldsave the country about $215 million a year on interest payments.

Read:Kenya to save Sh27.7bn yearly on SGR loans after yuan switch

The swa...