Impact of China‟s Monetary Aid on Kenya‟s Public Debt Stock

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dc.contributor.authorNyaberi, Siocha Justin
dc.contributor.authorIchani, Francis
dc.contributor.authorOmagwa, Job
dc.date.accessioned2022-05-16T08:50:13Z
dc.date.available2022-05-16T08:50:13Z
dc.date.issued2021-10
dc.descriptionA Research Article in the International Journal of Research and Innovation in Social Science (IJRISS)en_US
dc.description.abstractt: The purpose of the study was to examine the impact of China’s Monetary Aid on Public Debt. The key literature reviewed from various sources showed that a number of China’s monetary aid in form of concessional loans, grants and interest free loans had great impact on the public debt many SubSaharan African countries, Kenya being the classic example under study. Realism theory was used to theoretically analyse the study in the behaviour of China’s aid to Kenya as largely selfseeking. The study adopted an exploratory research design. The target population was limited to two Kenyan government ministries, IR scholars and economic experts and the embassy of the Peoples’ Republic of China in Kenya, the total population under study was 700. This study applied purposive sampling technique in selecting a sample size of 70 respondents. Documents, questionnaires and interviews were used to collect data. The study found that monetary aid from China as concessional loans, grants and interest free loans have direct positive impact on the Kenya's public debt to a large extent when measuring it through the real GDP growth. The study findings established that China’s aid in form of concessional loans do not only come with a tag of ‘zero-or-no interest loans but also are attractive for their non-conditionality to the recipient countries hence preferred to those others from OECD-DAC which have constant regulations. The study recommended that the government of Kenya to reduce its external borrowing and embrace savings, external debts require consistence debt servicing unlike debts from domestic borrowing. The study further recommended that Kenya should reconsider its competitive advantage in manufacturing, sisal, tea, leather and coffee exports to the Chinese mainstream economy so as to meet the aspect of fair and balance of trade. An area for further study would be on the Debt-Trap Diplomacy claims associated with China aid policies to Sub-Saharan African countries.en_US
dc.identifier.citationInternational Journal of Research and Innovation in Social Science, Vol. V, Issue No.X, 2021, Impact of China’s Monetary Aid on Kenya’s Public Debt Stock Authors: Siocha Justin, Ichani Francis and Omagwa Job,en_US
dc.identifier.issn2454-6186
dc.identifier.urihttp://ir-library.ku.ac.ke/handle/123456789/23742
dc.language.isoenen_US
dc.publisherIJRISSen_US
dc.subjectPublic Debten_US
dc.subjectExternal Debten_US
dc.subjectDomestic Debten_US
dc.subjectForeign Aiden_US
dc.subjectConcessional Loansen_US
dc.subjectGrantsen_US
dc.subjectGross Domestic Product.en_US
dc.titleImpact of China‟s Monetary Aid on Kenya‟s Public Debt Stocken_US
dc.typeArticleen_US
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