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Kenya Faces External-Debt Distress on Lower Export Receipts

  • Income from abroad battered by drop in tourism and remittances
  • Currency depreciation a further risk to external debt costs
Cranes operate in Mombasa port, Kenya.

Cranes operate in Mombasa port, Kenya.

Photographer: Luis Tato/Bloomberg
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Kenya is at a high risk of external-debt distress as the country’s foreign-currency obligations grow faster than its income from abroad, the National Treasury said.