THE IMF LOANS
Many kenyans have expressed a very negative opinions concerning ,the heavy borrowing being initiated from time to time by the Kenyan government .The funny thing is that no one really cares why the government has been working really to secure the IMF loan of 256 billion approximately.
This loan has a a significance in the current dwindling economy of Kenya as it is intended to perform the following magic according to the IMF mission chief for Kenya, Mary Goodman who has raised concerns about the following measures ;
- The three-year package financial period will ensure support for the next wave of the government's COVID-19 response and facilitate ease in their plans to reduce debt vulnerabilities and also safeguard available resources in order to protect vulnerable groups.
- The International Monetary Fund-supported arrangements will also help advance in broadening reforms and governance agenda, including by counteracting the weakness in various state-owned enterprises (SOEs) and improving transparency and accountability with the help of anti-corruption framework policies.
Finally, Kenya is going through a hard economic condition n it's my belief that we should pray ,and ask God to intervene in all our trouble .
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