PSC Appoints New Director General of Public Debt Management
PSC Appoints New Director General of Public Debt Management: Raphael Owino is set to replace Dr. Haron Shima In The Public Debt Management Office (PDMO).
Dr Sirima’s departure follows a major financial milestone for Kenya, the repayment of the final $560 million (Ksh72 billion) million installment of its $2 billion (Ksh291.7 billion) Eurobond on June 21.
Owino’s appointment comes after President William Ruto’s recent announcement of an audit of the country’s public debt, pointing towards a renewed focus on transparency and accountability.
He stated,”The over Ksh10 trillion debt is in the public domain. But I am prepared to put in forensic experts so that we can all appreciate, yes this is what we owe and agree on how we will pay,”
“I was in Korea and learned that when they had a problem of debt, the whole nation came together… people contributed gold, others many things because they wanted to pay their national debt. Maybe we will need that conversation once we are all clear that this is public debt,” added Ruto.