Sessional Paper No.11 of 1977 on Kenya Government Guarantee of a Loan to the Industrial Development Bank Limited from The European Investment Bank.

Abstract

In accordance with the provisions of the Guarantee (Loans) Act (Cap.461)~ the following information is laid before the National Assembly relating to a guarantee by the Government of Kenya of the obligations of the industrial Development Bank Limited (hereinafter referred to as IDB ) in respect of a loan of 5 million European Units of Account plus estimated interest and other costs up to a maximum of units of Account 1,250,000 equivalent to K£2, 906250 at current rates of exchange to be granted to IDB by the European Investment Bank…