×
App Icon
The Standard e-Paper
Join Thousands of Readers
★★★★ - on Play Store
Download Now

Oxfam says IMF's loan terms to Kenya up poverty and suffering

Vocalize Pre-Player Loader

Audio By Vocalize

IMF lending agreement requires restructuring of State-owned enterprises. [iStockphoto]

Austerity measures being implemented by the government as part of Kenya's loan conditions by the International Monetary Fund (IMF) will further worsen poverty and inequality in the country, the global aid agency Oxfam has warned.

The measures including the scrapping of subsidies for maize and fuel as well as spending cuts in some budgets put vital public services at risk and harm ordinary Kenyans, Oxfam reckoned in a recent analysis.

Premium Article

Get Full Access for Ksh299/Week.

Uncover the stories others won't tell. Subscribe now for exclusive 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
Enterprise
Why AI is gaining prominence in Africa's new investment agenda
Enterprise
New push to formalise garbage collection SMEs
Opinion
The power of patience, psychology and strategy in debt recovery
Enterprise
Motivational speakers: When they sell you false business hopes