The International Monetary Fund (IMF) warned Kenyans protesting its loans to the government that they face job cuts, tax increases and expensive loans without its assistance.
The IMF has released a statement following public outcry over the government’s growing appetite for debt after it approved a $2.34 billion (about Sh257 billion) loan to Kenya, saying its bailout has saved the country from a debt crisis in the mid of the Covid-19 pandemic.
