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

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.

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