IMF board has approved a KSh 255 billion loan to Kenya in the midst of the COVID-19 pandemic
Kenyans, immediately took to social media expressing their dissatisfaction with regards to the multi-billion loan when the nation is ridden with corruption and high tax rates.
As of Wednesday, April 7, morning, more than 210,000 Kenyans had signed the appeal requesting that the IMF cancel the loan.
International media featured the appeal by concerned kenyans’ request to the International Monetary Fund (IMF) to stop loaning the country has commanded worldwide attention.
with some international media highlighting details regarding the same.
Turkish outlet Anadolu Agency featured the story on its site on Tuesday, April 6, with the title ‘Kenyans ask IMF tocancel over KSh 200 billion loan’.
A German global broadcaster Deutsche Welle (DW) questioned why the IMF was burdening Kenya with more obligation,yet the country was not keen on bringing to book those who misappropriated the borrowed funds.
for days,hashtag #IMFStopLoaningKenya has been trending on Twitter with numerous Kenyans expressing their dissatisfactions over the massive loans being borrowed.
“Is there any logic to the IMF giving loans to governments, which have demonstrated a clear lack of accountability processes? DW posed.
The hashtag generated a petition through change.org where a concerned citizen, Jefferson Murrey asked why President Uhuru Kenyatta’s government had a craving for borrowing year in, year out, yet the state couldn’t account for the funds
By Wednesday, April 7, morning, more than 210,000 Kenyans had signed the petition requesting that the IMF to cancel the KSh 255 billion loan and stop loaning Kenya.