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Treasury Put To Task To Explain How Uhuru's regime Spend Shs.41 Billion To Finance Projects

Retired President Uhuru Mwigai Kenyatta's administration spent part of the Shs. 41.8 billion to finance 17.7 percent of recurrent expenditure and external loans redemption against the International Monetary Fund policy.

While admitting that it was a mistake and deviation, Veronicah Ndegwa, a senior analyst at IPF, the move was to cushion the poor from effects of the Covid-19 pandemic and buy jabs.

This admission comes after a lobby group had tasked the Treasury to explain how Uhuru Kenyatta used Shs. 41.8 billion and give the specific projects the cash received from IMF in form of Special drawing rights (SDR) funded.

This comes after a report jointly authored by IPF, a think tank based in Nairobi and Christian Aid, an international Non Governmental Organization NGO headquartered in London, says its review could not identify specific projects funded through the SDR.

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Covid-19 IPF London SDR Veronicah Ndegwa


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