IMF Kicks off This Mission in Kenya After Kenyans Protested Over The Organisation Move to Loan Billions to Uhuru
The international monetary fund (IMF) kicked off social media Uproar in Kenya when the global lender moved to lend Kenya billions of money amidst concerns over the country's financial accountability track record.And just weeks later, the international monetary fund seems to have taken in some concerns from kenyans if its latest move is to by.
Africa is one of the most beautiful continents in the world.It consist of 54 Countries, over time these countries have been trying their level best to fight poverty.African economy is mostly contributed by natural resources, trade and agriculture.Most countries have now been able to determine their strength in these resources and right now working so hard to improve the standard of living.
At least 12 governors could be charged over how they spent Sh7.7 billion Covid-19 funds received during the early months of the pandemic as agencies start to investigate massive irregularities revealed by the Auditor General.The devolved units are on the spot for making double payments for procured items, splurging cash without work plans or budgets, paying for goods without contracts and disregarding procurement laws to give contracts to dubious firms.
Recently Kenyans have been restless with the International Monetary Fund where they had expressed mixed feelings on because of the loan we were getting from the IMF.Later on the IMF highlighted some of the government organizations which were operating at a loss and advised the government to re look into the matter and if possible forensic audit should be conducted to make sure allocated funds are not misappropriated.
Kenyans should expect no reprieve on increased government borrowing burden anytime soon.Later this year on June 10, the national treasury cabinet secretary will present to parliament,Kenya's biggest ever budget at 3.6 trillion.Out of the total budget estimate of 3.6t, only 2.08 trillion will be proceeds of goverment revenues including ksh.
After the contrevasiol IMF loan that made KOT to protest and bring on petition, Kenya is set to borrow another loan.According to Citizen Tv "Kenya is set to borrow at least Ksh.1.5 trillion in the new financial year commencing in July according to final budget estimates tabled in Parliament last week".
The international monetary fund (IMF) chief executive officer (CEO) Kristalina Georgieva has held a meeting with United republic of Tanzania President Samia Suluhu Hassan today at her Chamwino state offices in Dodoma, Tanzania.As Mwananchi newspaper reports, the IMF chief was notified that the economic situation in Tanzania has deteriorated with the economy declining from over 6.5% to just slightly above 4.5% owing to the disruptions that have been occasioned by the COVID-19 pandemic that is wrecking havoc in the east African country.
ANC Party Leader Musalia Mudavadi, Picture Courtesy.Twenty twenty two General Elections is around the corner and aspiring candidates and Politicians are burning night oil trying to lure massive supporters.Following ban of social gatherings including political rallies politicians resolved to using social media platforms to air their views and desires.
A cloud of speculations has risen after the recent move made by recently sworn in President of the Republic of Tanzania President Samia Suluhu Hassan.(Photo, Courtesy) President Samia has reached out to the International Monetary Fund(IMF) and held an online meeting with the Executive Director Kristalina Georgieva in regards to Tanzania's economy.
Kenya's economic growth has been picking up well over the recent past.COVID 19 pandemic has left a big loss in the fiscal and debt situation.Our country recently went to seek for an agreement with IMF over funding to solve financial crisis.This has been caused by Covid 19 crisis.
Twelve county bosses are in trouble over the use of Covid19 funds, the office of the Auditor General has said.The 47 devolved units received Kshs 7.7 Billion to battle the Covid19 pandemic during the early months of last year.Pressure has been mounted on the government of Kenya by the International Monetary Fund, IMF, to account for the funds advanced by international institutions as a condition to accessing the recently agreed loan by IMF to a tune of Kshs 200 Billion.
In the wake of this new Severe acute Respiratory Syndrome, SARS which was named by World Health Organization as covid-19, the world's economy has witnessed serious impacts.The pandemic led to massive job loss for young and less skilled labour and shrink in market.Tourism and exports were hardly hit as restrictions to travel and prolonged logistics in cargo delivery were introduced.
Party leader for Amani National Congress (ANC) Hon Musalia Mudavadi has taken to social media to reveal his past financial negotiation for Kenya during a visit to Paris, France.In his post, the ANC boss hinted this as he posted a throwback photo being welcomed by his family after landing at the Jomo Kenyatta International Airport ( JKIA).
On Thursday evening, a section of Kenyans online intruded into a virtual meeting held by the International Monetary Fund managing Director Kristalina Georgieva.The group of Kenyans were on an ongoing demonstration towards the IMF for loaning Kenya.Kristalina who is also the Firms CEO was hosting a diplomat from coast Rica and was debating on the ongoing greenhouse effects on the climate change in the world.
The 'stop loaning Kenya' campaign was started a month ago after IMF confirmed a Ksh 250 Billion loan to Kenya.The money was given to help in fighting the economic effects which have been caused by Covid-19.A section of Kenyans felt that the country had already over-borrowed and this loan was unnecessary.
Kenyans on Thursday flooded the live Facebook broadcast of the International Monetary Fund with stop loaning Kenya Government money comments.The citizens have labeled this art of loaning money to the government as the Jubilee administration's appetite for loans.The broadcast was, talking about a better future ended after only 24 minutes with many comments at odds with them for loaning the government loans when there are still other loans overdue.
Jubilee government took a loan from IMF to boost our lives.President Uhuru has been trying his level best to oversee the projects that our beloved government had initiated.Kimani Ichung'wah has emerged with a powerful message to Uhuru's administration.He has claimed how our government is enjoying the soft loan.
Kenyans were at it again, this time they arrived in droves and flooded International Monetary Fund (IMF) Facebook live broadcast with fury.The event hosted by Kristalina Georgieva IMF Managing Director had to cut short just after 23 minutes when sections of Kenyans hijacked with the hashtag #StopLoaningKenya.
The International Monetary Fund (IMF) was yesterday forced to end a meeting they had conducted on Facebook live broadcast after several allegations and complains from Kenyans on the comments.The live broadcast, meant to last for at least an hour, only lasted for twenty three minutes after Kenyans flooded the comment section with the ''stop loaning Kenya" comments.
IMF webcast hosted by the Managing Director Kristalina Georgieva ended abruptly after Kenyans flood the comment sections demanding that they stop loaning Kenya with the trademark hasgtag #StopLoaningKenya For the better part of the past four weeks, Kenyans have taken to social media to express their bitterness with the continued loans taken by Uhuru Kenyatta administration, which has seen the national debt rise past the 7 Trillion ceiling.