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:
– Senator Ledama Olekina (@ledamalekina) April 5, 2021
– Shikoh Kihika (@Shikohkihika) April 6, 2021
I believe your organization does not approve of corruption, but by lending money to the Jubilee administration, you are funding corruption. The president confessed that his government steals ksh. 2B per day. Stop funding corruption.
– Cornelius Masila (@Musilimasila) April 6, 2021
The International Monetary Fund, the IMF, treats the concerns of Kenyans with disdain. I’m sure if the petition came from the Americans, the British, or other privileged white nations, they would have issued a statement already to address the issues.
But we are Africans.
– Author Sakwah Ongoma (@CSakwah) April 6, 2021
We lose 2Billion daily, It will only take 127 days to lose your 255 Billion.
Enough is Enough.
— 🅰🅵🆈🅰🅲🅴🅽🆃🆁🅴🅲🆁🅴🆆🇰🇪 (@AfyaCentreCrew) April 6, 2021
Stop lending Kenya because it’s the politicians who feast and the common mwananchi is overdue.
– UntitledHK (@UntitledHK) April 5, 2021
Dear IMF @IMFNews , it is good to do a background check on how our government is spending the money it borrows before loaning us. We Kenyans will not take any liability of paying those loans because it is like you are just funding corruption in our country. #stoploaningkenya
— 🇰🇪 Kelvin 🥇 (@OpeshKe) April 6, 2021
We appreciate your support #stopgiving loans in Kenya
We have suffered enough from the corruption of our leaders
We lose $ 2 billion a day because of our corrupt government
Don’t do anything productive, our country is filled with greedy corrupt leader https://t.co/1wx9MRnKKv
– [email protected] (@traicyciara) April 6, 2021
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