For many years now, Kenyan goverment have been taking loans from various international money lenting agencies which includes IMF and the world bank. According to the goverment, they are taking this loans so as to assist in development programs as well as well as fighting any disaster which affects the country.
Now today, details have shown that the republic of Kenya is set to receive a 48 billion loan from the international monetary fund (IMF). This news were confirmed by the kenyans.co.ke. According to them, the IMF staff have reached a common agreement with the Kenyan authorities on economic policies which necceciated this decision.
"The International Monetary Fund (IMF) will issue Kenya with Ksh48 billion after the IMF staff and the Kenyan authorities reached an agreement on economic policies in an aid package approved in April." Said the kenyans.co.ke.
This loan comes just a few weeks after the IMF disbursed a total of Kshs 257 billion to Kenyan goverment. What is your take on this decision by the Kenyan goverment to borrow another loan from IMF? Do you support it? Drop your view.
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