KENYA GOVERNMENT PRESS RELEASE OF THE CABINET MEETING HELD ON 29TH MAY, 2018
H.E. President Uhuru Kenyatta chaired a Special Cabinet Meeting today at State House, Nairobi, during which Cabinet considered and approved the following Cabinet Papers:
The National Disaster Risk Management Policy
Cabinet approved the National Disaster Risk Management Policy. The Policy is benchmarked on the best practices in disaster risk management. It lays down the strategies for ensuring the Government commits itself to enhancement of research in disasters and formulation of risk reduction strategies.
The Public Finance Management (National Drought Emergency Fund) Regulations, 2018
Cabinet approved the Public Finance Management (National Drought Emergency Fund) Regulations, 2018. The Regulations are meant to guide the operations of the National Drought Emergency Fund which is to be established for the purpose of improving the effectiveness and efficiency of drought risk management systems in the country as well as to provide a common basket of emergency funds for drought risk management.
The Proposed Public Finance Management (Sports, Arts and Social Development Fund) Regulations, 2018
Cabinet also approved the Proposed Public Finance Management (Sports, Arts and Social Development Fund) Regulations 2018. The Regulations are meant to guide the operations of the Sports, Arts and Social Development Fund. The principal objective of the Fund is to provide a sustainable financing to sports persons, artists and cultural practitioners.
The Proposed Write-off and Restructuring of Principal and Waiver of Accrued Interest Relating to Non-performing Loans
Cabinet approved the Proposed Write-off and Restructuring of Principal and Waiver of Accrued Interest Relating to Non-Performing Loans. The National Treasury having analysed loans previously given to various public entities has recommended a write-off of principal loans totalling to Kshs 2.9 billion; restructuring/rescheduling of principal loans amounting to Kshs 764.3 million and conversion to grants of principal loans totalling to Kshs 268.2 million.
The Joint National Mapping and Resource Mapping Using Multi Agency Approach (JNAM)
Cabinet approved the Joint National Mapping and Resource Mapping using Multi-Agency Approach to enable the provision of secure up-to-date geospatial data at minimum cost that would be shared across a wide range of functions within government for planning and development purposes.
CABINET OFFICE,
NAIROBI
