Please keep your loans, Kenyans tell IMF

The International Monetary Fund Headquarters in Washington, DC.

Photo credit: Olivier Douliery | AFP

What you need to know:

  • Kenya's public debt has ballooned by more than Sh1 trillion in the last one year under the cover of fighting Covid-19 pandemic.
  • This now makes the period between March 2020 and March 2021 as Kenya's worst in terms of borrowing, after the government's appetite for debt shot up by 69 per cent.
  • This comes at a time when a poll has revealed that majority of Kenyans are angry about the government's insatiable appetite for racking up debt.

Kenyans trooped online over the weekend and on Monday to protest the move by the International Monetary Fund (IMF) to continue giving the Jubilee government new loans before it accounts for previous ones. 


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