Why defaulting on debts could save Kenya, Jimi Wanjigi explains

[RV Pundit]

Default is the no option..you don't take it..you're forced..nobody Default by choice

[hk]

Default is the no option..you don't take it..you're forced..nobody Default by choice

precisely, its the worst case scenario. But it seems we're increasingly slow walking to default.

[RV Pundit]

precisely, its the worst case scenario. But it seems we're increasingly slow walking to default.

You only default if revenues stop growing and you can't borrow. Kenya is far from defaulting.

[gout]

It is 'defaulting' on salaries. It defaulted long ago to tenderpreneurs. It has defaulted on all court awards.

precisely, its the worst case scenario. But it seems we're increasingly slow walking to default.

You only default if revenues stop growing and you can't borrow. Kenya is far from defaulting.

[RV Pundit]

Yes - it something else to default on bankers, pensioners, and investors. Those actually gave money out. The rest are part of the beast - employees, suppliers and lawyers.

It is 'defaulting' on salaries. It defaulted long ago to tenderpreneurs. It has defaulted on all court awards.

[sema]

It is 'defaulting' on salaries. It defaulted long ago to tenderpreneurs. It has defaulted on all court awards

Why would anyone supply the government with anything at this point knowing that they won't be paid?