Kenyans are very furious about the recent happenings, under normal circumstances the country must be jubilating after the International Monetary Fund (IMF) granted them a loan of Kshs. 255 billion but this time the citizens are very disappointed about the debt incurred by their country. Kenyans have urged the International Monetary Fund (IMF) to rescind its decision of extending another loan to their country. The news that the IMF recently approved a Kshs.255 billion loan to the Kenyan government has left many Kenyans shocked and very disappointed. This is due to the fact that the previous loans sanctioned to the Kenyan government have not been prudently utilized and have often ended up in mega corruption scandals.
The IMF recently announced that its Board had approved a new three-year financial arrangement for Kenya aimed at not only helping the country tide over the COVID-19 pandemic but also to address debt vulnerabilities. This led some Kenyans campaign online with the hashtag #StopLoaningKenya, they began signing an online petition asking IMF not to give the government any more loans citing the corruption that is plaguing the country and argued that their country is choked on debt. Kenyans are reeling under the burden of heavy taxation, high cost of basic commodities such as fuel, with no accountability for the previous loans taken. Even as President Uhuru Kenyatta, is lamenting that Kshs.2 billion is lost daily to corruption in Kenya, he has recently approved a luxury car grant bribe to get junior lawmakers pass controversial changes in the Constitution.