The protesters made it clear that their mission is to urge IMF not to loan Kenya any money, alleging that previous loans have either been lost through corruption or used carelessly with little to show for the same.
The International Monetary Fund (IMF) has voiced its distress over the recent tragic events in Kenya, where nationwide protests against the Finance Bill 2024 have resulted in fatalities and numerous injuries.
Treasury Cabinet Secretary Njuguna Ndungu has reiterated Kenya's commitment to meeting its debt service obligations and sustaining a good sovereign credit rating.
President William Ruto has defended the Sh1.8 trillion financing pledged by the World Bank and the Sh687 billion loan recently approved by the International Monetary Fund.
International Monetary Fund Managing Director Kristalina Georgieva ,on Monday October 23, announced the upcoming departure of Nancy Onyango, the current Director of the Office of Internal Audit and Inspection (OIA) at the International Monetary Fund (IMF).
Treasury Cabinet Secretary Prof Njuguna Ndung’u has revealed plans by the government to disengage from the fuel import credit scheme negotiated with the largest oil company after concerns by the International Monetary Fund (IMF).
President William Ruto explained Kenya’s debt situation, downplaying the impact of IMF, World Bank on Kenya’s economy, and justifying the loans approved during the first year of his administration.
The International Monetary Fund has approved a loan of almost $1 billion (Sh142 billion) for Kenya to support economic recovery and mitigation against climate change.
President William Ruto called for the creation of a new global financial system not controlled by The World Bank and the International Monetary Fund (IMF).
Economist David Ndii has admitted to experimenting with the Kenyan economy during an interview with a local media house. Ndii said that he was tasked by the president more than two years ago to think of how the government was going to implement some of the transformative agenda once William Ruto assumes power
Treasury Cabinet Secretary Professor Njuguna Ndung'u has asked Kenyans to brace for tough times ahead, projecting that 2023 will be a rough year for the economy.
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