Technical Assistance for Government Debt & Infrastructure Finance - Kenya

$1.24M USD

Funder	Department of the Treasury
Recipient Organization	U.S. Government - Department of State
Country	Kenya
Start Date	Jan 13, 2016
End Date	Oct 21, 2020
Duration	1,743 days
Number of Grantees	69
Roles	Recipient
Data Source	US Foreign Aid
Grant ID	`142534-75`

Grant Description

The goal of this project is to improve the capacity of the Kenyan National Treasury (KNT) to issue and manage public debt in order to increase the confidence of market participants (investors, intermediaries, and credit rating agencies) to invest in Government of Kenya (GOK) securities and enable full market-based funding of the GOK's domestic borrowing requirements.

Project activities will focus on 1) The consolidation of four KNT departments into a new Public Debt Management Office (PDMO); 2) creation of a PDMO Investor Relations Unit (IRU) to provide clear communications to government and market stakeholders; 3) upgrading the KNT and PDMO's financial information technology infrastructure to allow for effective, transparent and available debt data and reporting and 4) creating a retail government security that will allow retail investors an accessible, safe, and reliable investment vehicle.