IMF absolves itself of blame for Finance Bill fallout

The International Monetary Fund (IMF) headquarters building is seen in Washington DC, US on April 8, 2019.

Photo credit: Reuters

The International Monetary Fund (IMF) has absolved itself of blame in the aggressive push for new taxes through the failed Finance Bill 2024 in Kenya, insisting the revenue measures are a design of the government.

Visiting IMF deputy managing director Nigel Clarke said the fund had only offered its advise on measures to help Kenya achieve fiscal consolidation and macro stability, while leaving specific tax measures to the authorities.

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