Economics
Don’t Lend Our Government, Debt-Weary Kenyans Demand of IMF
- Social media petitions to IMF saying money will be looted
- Lender agreed to a $2.34 billion program for Kenya last week
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The International Monetary Fund has walked into a storm of social-media criticism after approving a $2.34 billion three-year financing package for Kenya.
Some citizens in East Africa’s biggest economy don’t want any more loans for their government, saying a lot of the cash will be embezzled by state officials, and are signing online petitions to the Washington-based lender.