State mulls jobs cut pay from Sh257bn IMF loan

international monetary fund imf


Business Daily | by Samwel Owino


The Ministry of Labour wants part of the Sh257 billion loan from the International Monetary Fund (IMF) to cushion workers involuntarily squeezed out of employment through a monthly stipend.

Cabinet Secretary Simon Chelugui told the National Assembly’s Labour Committee that they are negotiating with the Treasury on the amount to be disbursed to the ministry to cushion workers who lost their jobs in the five counties as a result of the lockdown.

The State seeks to offer a monthly stipend during periods of mass job cuts to…

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international monetary fund imf


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