Relationship Between External Debt Servicing And Current Account Balance In Kenya

ABSTRACT A constant current account imbalance in many developing nations has energized impressive enthusiasm among economists and policy makers trying to have a reasonable comprehension of the significance of current account balance. Kenya has experienced persistent current account imbalance that has remained underneath the threshold that economists would consider sustainable. At the point when a nation runs steady current account imbalance for a long period, it raises worries about its sustainability. The persevering current account imbalance has led to increase of liabilities to the rest of…