Kenyans at gunpoint over Ksh 257 billion loan to government

Kenyans are angry with continued government borrowing.

Two days after the International Monetary Fund (IMF) approved the disbursement of Ksh 257 billion to Kenya as a loan which the government says will be used to close the gap in the fight against COVID-19, Kenyans have none.

More than 120,000 Kenyans have since signed an online petition calling for an end to IMF lending to GoK.

To put this in context, according to the Daily Nation, between March and November 2020, Kenya borrowed 971 billion Ksh in the war against COVID-19; this means that the country borrowed 121 billion Ksh every month during the 8 month period.

On Friday, the IMF approved an additional Ksh 257 billion for the same price which then brings the debt level to around Ksh 1.2 trillion in the year.

The GoK says the debt ship can still be kept afloat and there is nothing to worry about, but Kenyans disagree, here are some of their feelings online:

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