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PROGETTO DI SOSTEGNO ALL'ACCORDO BILATERALE DI CONVERSIONE DEL DEBITO KENYA-ITALIA

Kenya

Initiative timeframe: 2004/2017

Total initiative costs

€ 2,035,268.0
Reparted as
  • Loans -
  • Grants € 2,035,268.0

Dati finanziari aggiornati al 2.12.2015

Status

75 Complete
75%

Kenya


Location

Kenya

Photo gallery

CONSOLIDATION AGREEMENT SIGNED BETWEEN THE GOVERNEMENT OF THE ITALIAN REPUBBLIC AND THE GOVERNEMENT OF THE REPUBBLIC OF KENYA SIGNED IN NAIROBI ON 25.10.2004 BASED ON THE AGREED MINUTES OF PARIS CLUB DATED 15.01.2004. THE DEBT CONSOLIDATION REFERS TO CREDITS: 84/028-88/033-00/906 FOR THE CREDITS IN USD (TOTAL DEBT CONSOLIDATED USD 727.134,44 OUT OF WHICH CAPITAL USD 679.721,72 AND INTEREST USD 47.412,72) 88/031-88/041-88/050-00/906 FOR THE CREDITS IN EUR ( TOTAL DEBT CONSOLIDATED EUR 31.790.675,19 OUT OF WHICH CAPITAL EUR 29.652.760,05 AND INTEREST EUR 2.137.915,14)THE AMOUNT OF INTEREST FORGIVEN EXPRESSED IN USD HAS BEEN CONVERTED INTO EURO AT THE EXCHANGE RATE OF 1,279 AND INCLUDED IN THE INTEREST FORGIVEN INDICATED IN ITEM 9 read more close

Main outcome

The Programme main objective objective is to assist the Government of Kenya in achieving sustainable economic growth, increase employment creation and poverty alleviation.

Initiative data

Initiative number 008678
Purpose Other debt swap
Sector Action relating to debt

Subjects

Agency MAE - Direzione Generale per la Cooperazione allo Sviluppo
Counterpart authority Ministry of Finance, Ministry of Education, Ministry of Land, Housing and Urban Development and Ministry of Health
Representative nairobi.cooperazione@esteri.it
Other financiers -

Beneficiaries

The beneficiaries of this initiative will be the four Ministries involved in the projects: Ministry of Finance, Ministry of Education, Ministry of Land, Housing and Urban Development and Ministry of Health

DGCS

The running of the Debt Conversion Agreement is facilitated by a technical assistance program, directly funded by the DGCS, which allowed the establishment of an ad hoc structure, called Secretariat. The overall objective of the Secretariat is to support the intervention strategy of the program, on one hand ensuring the smooth running of the program procedures' through the appropriate use of the funds disbursed, and on the other contributing to the strengthening of the management capacity of the actors involved, which are the relevant line ministries in their respective sectors, and their representatives at the district level, as well as the civil society organizations which are present in the areas of intervention. The main outcome is to facilitate the procedures of debt conversion and ensure proper utilization of the funds granted in this respect. The counterpart authority is the Ministry of Finance

Status 75%
Type Technical Assistance/Consultancy and related expenses
Procedure Competitive Bidding
Procurement notice Tender preparation

Ministry of Environment, Water and Natural Resources / Ministry of Education / Ministry of Land, Housing and Urban Development / Ministry of Health

Artigiancassa ha provveduto alla cancellazione dal 2006 ad oggi di un totale pari a Euro: 22.776.795 corrispondenti ai progetti realizzati nello stesso periodo dai Ministeri coinvolti nell'iniziativa.

Status 75%
Type Works, Supply, Services
Procedure Competitive Bidding
Procurement notice Tender preparation