Implications of the IMF Advancement to kenya

 In Articles, News

Kenya has yet again sought external funding to the tune of $2.34B loan from the IMF which is supposed to help combat the spread of Covid-19. The nature of the loan is what Economists would classify as a Structural Adjustment Policy/Loan which by the very essence of its nomenclature bestows upon the lender the inherent right to dictate upon the borrower stringent conditions/adjustments it ought to implement in terms of setting fiscal parameters in policy matters that affects systems, lead to tax raises, privatization of State-Owned Entities (SOEs) and overall budgetary cuts. Read Full Article

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