Sessional Paper No. 02 of 1998 on Government of The Republic of Kenya/Banque Nationale de Paris Rescheduling Agreement

Abstract

The Government of the Republic of Kenya, acting through the Minister for Finance, signed an Agreement on May 29, 1998 with Banque Nationale de Paris of France to reschedule an external debt arrears of US$70.95 million that had been outstanding since 1992/93. Banque Nationale de Paris signed as Agent of the Consortium of banks with a stake in the arrears. The details of the debt and the rescheduling are as follows..