PREMIUM Sh20bn waste: Idle foreign loans bleed public coffers as schools starve As the loans lie idle in banks, the government continues to borrow more funds. News 6 min ago

” “The commitment fees are requisitioned together with the interest payment on loans through my office,” says the CoB, noting that while the National Treasury through the Public Debt Management Office (PDMO) is supposed to negotiate government loans, “this is usually not the case.1 billion in avoidable commitment fees over 10 years for external loans that remained undrawn despite facing cash flow challenges.1 billion in avoidable commitment fees over 10 years for external loans that remained undrawn.