Nairobi, July 20 -- Kenya's outstanding public debt increased by Sh432 billion in the six months to June after State raised borrowing from international institutions for budgetary support and aid in the fight against the Covid-19 pandemic.
Latest Central Bank of Kenya (CBK) data shows the debt climbed to Sh7.71 trillion end of June from Sh7.28 trillion as of December last year.
In June, the government received Sh80.9 billion ($750 million) from the World Bank and raised Sh107.9 billion ($1 billion) from a Eurobond offer for budgetary support.
The International Monetary Fund (IMF) also approved a Sh44.2 billion ($410 million) disbursement, following the release of another $314 million (Sh34.45 billion) in April.
The CBK data show externa...