President William Samoei Arap Ruto has today suffered a huge blow following the message that has been released by the International Monetary Fund, IMF warning that Kenya is not among the eligible countries set to benefit for emergency loans to help vulnerable countries cope with food shortages and rising costs stemming from Russia’s war in Ukraine.
According to an Exposee made by one local dailies today, Kenya which is also among several Countries in the World battling high inflation pressures from a surge in food and consumer prices, is excluded from the facility, which will be a blow for the new government’ efforts to address food insecurity.
This is despite IMF Spokesperson acknowledging that Kenya falls in the list of estimated 25 countries in the Sub-Saharan Africa severely affected by global food shocks and meeting the criteria established for the Global Food Shocks Window for help.
However the IMF Spokesperson noted that the initiative is only being created to respond and address critical needs and help or complement the International Monetary Fund, IMF existing toolkit
Content created and supplied by: WamotoKenya (via Opera News )
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