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IMF tells incoming government to cut wastage, increase taxes

President-elect William Ruto addresses the nation at his Karen residence on September 5, 2022. [File, Standard]

The International Monetary Fund (IMF) on Wednesday said control of expenditure and spending cuts in the incoming government of President-elect William Ruto will be vital to sustain the economy.

The move is set to pile pressure on the new administration, which has to rely on the IMF for financial support.

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