EDITORIAL: Rejecting IMF loan terms makes sense

Kenya ought to reject IMF’s economic pain while cutting its coat according to its cloth. FILE PHOTO | NMG

That Kenya needs external funding to finance its huge infrastructure deficit is not in question. Nearly every country, even in the Developed World, borrow at one point to finance development.

Kenya also no doubt needs the backing of the International Monetary Fund to be in the good books of international lenders, most of who rely on IMF’s assessment before committing their money in it.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.