Loading...


KBC_Facebook-728x90

Kenya plans to float various bonds to raise funds to implement the sustainable development goals.

Treasury Principal Secretary Kamau Thugge says apart from working with the private sector, the government is mulling floating green bonds and sustainable development goals’ bonds.

The treasury PS says they are working with the Ministry of Foreign Affairs to identify projects that needs international collaboration for partnerships.

When it comes to the roll-out of the Sustainable Development Goals almost all the 156 countries that are signatories to the goals are behind schedule.

Get breaking news on your Mobile as-it-happens. SMS ‘NEWS’ to 22163

The 2018 SDGs index and dashboard ranks Kenya at position 119 in the implementation of the Sustainable Development Goals out of the 156 countries that are signatories of the goals.

Kenya scored poorly in the efforts to deal with hunger, poor sanitation and affordable and clean energy.

The United Nations estimates that achieving SDGs by the year 2030 will require 400 trillion shillings to be invested in developing countries each year.

It also notes that with an annual investment of only $1.4 trillion, the annual investment gap is $2.5 trillion.

Loading...

Speaking during the ongoing 73rd United Nations General Assembly, Thugge said the government is working with the ministry of foreign affairs to come up with an inventory of projects that require international financial backing.

The United Nations General Assembly meetings kicked off on Monday where the Kenyan delegation is led by President Uhuru Kenyatta and Foreign Affairs CS Monica Juma.

kbc_Twitter-728x90-new

Tell Us What You Think



Loading...