Nairobi, Feb. 5 -- The director general of the National Treasury Public Debt Management Office (PDMO) Raphael Owino spoke to the Business Daily on initiatives being taken by the directorate to lessen Kenya's debt pain and opportunities presented by improved sentiment on Kenya including the recent credit ratings upgrade by Moody's.

The rating upgrade presents an opportunity to return to the international capital markets to either refinance or issue new debt at cheaper rates, which hand will you play?

The targeted transactions in liability management are that we are working on a debt for food security swap that we expect to conclude before the end of this financial year. This is a US-DFC backed transaction where we will be getting a guara...