{"id":25406,"date":"2021-04-05T17:14:07","date_gmt":"2021-04-05T17:14:07","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/?p=25406"},"modified":"2021-04-05T17:14:07","modified_gmt":"2021-04-05T17:14:07","slug":"stop-giving-loans-to-the-govt-kenyans-tell-imf","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/policy\/stop-giving-loans-to-the-govt-kenyans-tell-imf","title":{"rendered":"Stop Giving Loans to the Govt – Kenyans Tell IMF"},"content":{"rendered":"

AfricaPress-Kenya:<\/strong> The government’s latest Ksh255 billion loan from the International Monetary Fund\u00a0(IMF) has elicited sharp\u00a0reactions from Kenyans with a majority of them questioning the lender’s motives.<\/p>\n

A section of Kenyans flooded the Fund’s social media pages to protest the approval of the loan while the\u00a0hashtag #stoplendingKenya was trending on Monday with many claiming that the\u00a0funds are only meant to benefit specific people who have direct access to the government.<\/p>\n

The hashtag which began on the evening of Sunday 4 has attracted many Kenyans including key public figures in the country.<\/p>\n

\u201cKenya can generate enough money to keep it going. We live hand to mouth with or without your loans as it never makes any difference…We pay every single coin you lend them. It’s enough,” commented one<\/p>\n

\n
\"Yattani\"<\/div>\n
President Uhuru Kenyatta and Cabinet Secretary Ministry of Finance Ukur Yattani<\/div>\n
<\/div>\n<\/article>\n

The underlying concern for Kenyans is that\u00a0the president himself admitted that Kenya loses at least Ksh 2 billion every day\u00a0to corruption and theft.<\/p>\n

Based on this shocking admission by the president, a number of Kenyans wondered how long it would take the IMF loan to be misappropriated.<\/p>\n

\u201cThe government loses Ksh 2 billion daily according to Uhuru, and still the IMF approves their loans. The burden then comes to innocent wananchi, who had no share,\u201d said one Dogweno.<\/p>\n

While others appreciated the financial help from IMF, others questioned whether the lender considered how funds were being managed in Kenya.<\/p>\n

\u201cI am a kenyan tax payer, I know how corrupt the current government is.\u00a0#stoploaningkenya. We are over taxed, the president admitted publicly that we’re losing Ksh\u00a02 billion daily to corruption, and here you are still proudly giving us more loans. STOP IT. STOP LOANING KENYA!\u201d Paul shared.<\/p>\n

\u201cKenya has a vaccine shortage even after borrowing USD 2.34 Billion. Do these organisations check our debt record before lending us more loans?” Floki questioned.<\/p>\n

\u201cStop giving loans to Kenya,you are enriching families at our expense,what economic reforms? Do they show you even what they plan to do with the money? You are part of the collusion to steal from Kenyans,\u201d Myron said.<\/p>\n

\n
<\/div>\n<\/div>\n

On Saturday, April 3,\u00a0the IMF approved the $2.34 billion (Ksh250 billion)\u00a0for economic recovery a well as reducing Kenya\u2019s debt. The first batch of the loan which is spread across 38 months is\u00a0to be disbursed in less than a week from when it was approved.<\/p>\n

According to IMF, Kenya was already in a good position to warrant another loan which comes with the surging economic effects of the Covid-19 pandemic.<\/p>\n

\u201cThe Kenyan authorities have demonstrated a strong commitment to fiscal reforms during this unprecedented global shock, and Kenya\u2019s medium-term prospects remain positive,” the IMF Executive statement read in part.<\/p>\n

\n
<\/div>\n<\/article>\n","protected":false},"excerpt":{"rendered":"

AfricaPress-Kenya: The government’s latest Ksh255 billion loan from the International Monetary Fund\u00a0(IMF) has elicited sharp\u00a0reactions from Kenyans with a majority of them questioning the lender’s motives. A section of Kenyans flooded the Fund’s social media pages to protest the approval of the loan while the\u00a0hashtag #stoplendingKenya was trending on Monday with many claiming that the\u00a0funds […]<\/p>\n","protected":false},"author":84,"featured_media":559,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,8,12],"tags":[543,136],"class_list":["post-25406","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-policy","tag-imf","tag-uhuru-kenyatta"],"yoast_head":"\nStop Giving Loans to the Govt - Kenyans Tell IMF - kenya<\/title>\n<meta name=\"description\" content=\"The government's latest Ksh255 billion loan from the International Monetary Fund\u00a0(IMF) has elicited sharp\u00a0reactions from\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/policy\/stop-giving-loans-to-the-govt-kenyans-tell-imf\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stop Giving Loans to the Govt - 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