Kenya's Fiscal Consolidation Can't Be Pushed Further, Mbadi Says
'Having pursued fiscal consolidation over the last three years, the policy has now reached optimal levels and hence can't be pushed further,' John Mbadi told lawmakers on Monday. 'In this case an economic stimulus mechanism must be pursued,' he said as he sought lawmakers' approval to list part of its stake in state-owned Kenya Pipeline Co. via an initial public offering on the Nairobi bourse.
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