STOP LOANING KENYA
STOP LOANING KENYA
The Headlines that the IMF recently approved a Kshs. 255 billion loan to the Kenya government has left many Kenyans shocked and disappointed.This is because of the fact that previous loans to the Kenya government have not been prudently utilized and have often resulted in mega corruption scandals. The scandals have not deterred the ruling Jubilee government's appetite for more loans,especially from China.
Right now Kenyans are choking under the burden of heavy taxation,with the cost of basic commodities such as fuel sky rocketting,and nothing to show for the previous loans.Our President, HE. Uhuru Kenyatta,is even on record lamenting that Kshs. 2 billion is lost daily to corruption in Kenya.The same President recently approved a luxury car grant bribe to get junior lawmakers to pass controversial changes to the Constitution, punching another hole on an alreadyshoestring budget.
Furthermore,the regime has lined up a costly,despite not urgent,referendum for later this year with the cost of implementing its proposals estimated at a straggering extra Kshs.360 billion annually.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 it recently approved until proper accountability mechanisms to ensure it will be prudently managed and accounted for are put in place. The IMF can, and should,do the right thing.With hold the funds until the next, hopefully more accountable,government is elected into office next year.