Kenya is considering an unconventional Ksh129 billion debt-for-food swap as part of a broader strategy to manage its mounting Eurobond obligations and ease pressure on public finances. According to the Public Debt Management Office, a directorate of the National Treasury, the proceeds of the debt-for-food swap will be used to retire early, costly sovereign bonds maturing in 2031. Treasury insiders say the debt-for-food swap is part of a broader restructuring plan to smooth out repayments and reduce reliance on costly commercial loans. Officials argue that linking debt management with food security could help address public debt and rising food prices simultaneously. DPPSKenya’s total public debt has surged in recent years, driven by infrastructure projects, budget deficits, and external borrowing.