×
App Icon
The Standard e-Paper
Read Offline Anywhere
★★★★ - on Play Store
Download Now

Brace for IMF bitter medicine as Kenya inks another Sh103b loan

Vocalize Pre-Player Loader

Audio By Vocalize

The IMF urged the government to cut down on public spending, ban fuel and food subsidies, and impose higher taxes, which could potentially impact public employment and cost of living. [iStockphoto]

Kenya is preparing to get another International Monetary Fund (IMF) loan worth Sh103 billion, signalling the arrival of yet another round of the global lender's tough austerity measures.

The IMF has asked the Ruto government to administer another round of its famous bitter medicine of austerity measures meaning Kenyans should brace themselves for a more difficult economic period ahead.

Premium Article

Get Full Access for Ksh299/Week.

Fact-first reporting that puts you at the heart of the newsroom. Subscribe for full access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Business
Experts slam 'temporary fixes' to Kenya's Sh12.6tr debt
Business
1,100 face job losses as Meta severs ties with Kenyan content moderator
Enterprise
Lawyer: Move to reduce VAT to 8 per cent by Treasury unconstitutional though a relief to Kenyans
Business
State's appetite for domestic debt to grow with fuel VAT cut