Vihiga County Medium Term Debt Management Strategy FY 2019 – 2020 -21 (2019)

FOREWORD
The Medium-Term Debt Management Strategy (MTDS) is one of the important
deliverables of the County Treasury as provided for under the PFMA. It provides
the guidance to the Counties on the amount, type of borrowing to undertake over
the medium term. It evaluates the costs and risks of various scenarios and
recommends an optimal strategy for implementation.
The National Treasury has developed guidelines for country domestic and external
borrowing to guide engagement between the GOK and development partners,
counties and National Government to ensure proper coordination not only in the
area of loans but also grants and on other forms of aid.
Vihiga County Government through its Fiscal Strategy Paper 2019 does not
anticipate to borrow in the Medium Term. We are affected by contingency,
creditors and statutory liabilities. (pending bills).
Vihiga County Government will ensure that the servicing and management of the
County Government’s financing requirements and payment obligations are met on
a timely basis, and at the lowest possible cost over the medium to long run.
consistent with a prudent degree of risk.
HON. ALRED INDECHE

CEC MEMBER FOR FINANCE

COUNTY GOVERNMENT OF VIHIGA

FEBRUARY 2019