Kenya’s fiscal and debt positions have worsened, adding to difficulties that existed even before coronavirus economic shock, the International Monetary Fund (IMF) has said. According to the National Treasury data, Kenya's total public debt hit Sh7.28 by end of last year. This is not the first time IMF, one of Kenya's leading institutional lenders is chiding the country for its high debt appetite. ''Raising the probability that the debt indicators would remain in breach of the thresholds over time,” the IMF said in its assessment report. In a report dubbed ‘The Fallacies and Pitfalls of the IMF Policies in Kenya’ ActionAid chides IMF over doublespeak, blaming it for the country's inconsistent fiscal plans.

Source: The Star March 26, 2021 09:56 UTC