PETITION TO THE IMF TO CANCEL THE KSHS. 255 BILLION LOAN TO KENYA
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The announcement that the IMF recently approved a Kshs.255 billion loan to the Kenya government has left many Kenyans shocked and very disappointed.This is due to the fact that previous loans to the Kenya government have not been prudently utilized and have often ended up in mega corruption scandals. However,these scams have not dissuaded the ruling Jubilee government from its unbridled appetite for huge debt, and this mainly from China.Right now Kenyans are choking under the burden of heavy taxes,with the prices of basic commodities such as fuel skyrocketing,and nothing to show for the previous loans.Our President, Uhuru Kenyatta,is even on record confessing that Kshs.2 billion is lost daily to corruption in his government.Just recently the President dished out luxury cars to thousands of junior lawmakers to have them support controversial changes to the Constitution,thus punching another hole on an already shoestring budget.Moreover,the regime has lined up a costly,despite not being urgent,referendum for later this year with the cost of implementing its proposals projected to add a staggering Kshs.360 billion to the annual budget.Indeed,some of the President's close associates have been adversely implicated in the so-called "Covid Billionaires" scam,where billions of shillings from international donors was lost in irregular tenders for PPE at the height of the first wave of the Covid -19 pandemic. Nothing ever came out of the President's commissioned probe into the scam.We are therefore calling on the IMF to suspend the disbursement of the loan package until proper accountability mechanisms to ensure the money is put to good use are in place. The IMF can, and should,do the right thing: keep the cash until Kenyans get themselves a new, hopefully more accountable,administration in office next year.
Weary Kenyan taxpayer.
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