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Submitted by Wolfgang on
Dear Louis, you are making a valid point and I have covered demography in some of my pieces, including this one: http://blogs.worldbank.org/africacan/can-rapid-population-growth-be-good-for-economic-development. There are two caveats to borrowing more to invest in Kenya: First, Kenya's total expenditures are already 30% of GDP, which is very high for a developing country. The first priority seems to be on spending these resources well. Second, given global uncertainties (and domestic vulnerabilities), it is good to rebuild the buffers which have served Kenya well in the 2008/09 global crisis. Wolfgang