On Kenya’s economy, IMF and World Bank are telling a big, fat lie that will burst

Finance Cabinet Secretary Henry Rotich (right) with International Monetary Fund first deputy managing director David Lipton in Nairobi on May 10, 2016. PHOTO | EVANS HABIL | NATION MEDIA GROUP

What you need to know:

  • If the economy is in great shape and our debt is sustainable, why is the government working on austerity, and taking $1.5 billion emergency credit facility?

The World Bank paper that reportedly warned Kenya on borrowings from China has raised more than a few eyebrows. In report after report, the World Bank has been praising the infrastructure investments, and the standard gauge railway line in particular as underpinning its optimistic growth forecasts for the country.

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