Brace for IMF bitter medicine as Kenya inks another Sh103b loan

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.