IMF warns protesting Kenyans face job cuts, taxes without loan

international monetary fund imf
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Business Daily | by Otiato Guguyu


The International Monetary Fund (IMF) warned Kenyans protesting its loans to the government that they face job cuts, tax increases and expensive loans without its assistance.

The IMF has released a statement following public outcry over the government’s growing appetite for debt after it approved a $2.34 billion (about Sh257 billion) loan to Kenya, saying its bailout has saved the country from a debt crisis in the mid of the Covid-19 pandemic.

The IMF said the loan would help Kenya tackle Covid-19 in the short run and…

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international monetary fund imf


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