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Kenya risks IMF wrath after Ruto's retreat on fuel subsidy

A fuel pump assistant fueling a vehicle at a petrol station along Kenyatta Avenue, Nairobi. [Edward Kiplimo, Standard]

The government on Tuesday signalled a U-turn on ending the fuel subsidies amid rising pressure to bring down the high cost of living.

The move could see the government incur the wrath of the International Monetary Fund (IMF), which has disbursed billions of shillings in financing to the new administration but has been against such subsidies.

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