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Home News Africa

Kenyans petition IMF to stop giving country loans

in Africa
Kenyans petition IMF to stop giving country loans

Kenyans petition IMF to stop giving country loans

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Kenyans have begun signing an online petition asking IMF not to give the government any more loans citing corruption. Through the hashtag #StopLoaningKenya, Kenyans have circulated the online petition link while also giving more reasons why no more lending should occur.

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The discussion started days after IMF approved a $2.4bn loan for Kenya to aid in the Covid-19 response. Kenya’s public debt has grown by more than one trillion shillings in the last year.

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Kenyans online have quoted President Uhuru Kenyatta’s statement that the country loses two billion shillings daily to corruption.

Source: BBC

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