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usnews reuters | One Person Killed, Over 200 Injured in Kenya Anti-Tax Demonstrations (21.06.24)
Protesters want the government to abandon its finance bill, saying it will choke the economy and raise the cost of living for Kenyans who are already struggling to make ends meet. The IMF, however, says that the government needs to increase revenues to reduce the budget deficit and state borrowing. Lawmakers are expected to meet on Tuesday to vote on proposed changes to the bill, which parliament's budget committee says would blow a 200 billion Kenyan shilling ($1.56 billion) hole in the 2024/25 budget, and compel the government to make spending cuts.
chathamhouse | Kenya's debt deeper than Chinese loans (31.05.23)
"The contribution of commercial external lending to Kenya's debt problem also must not be overlooked, particularly as the Ruto administration's current scramble for liquidity is overwhelmingly focused on a $2 billion Eurobond maturing in June 2024."
by Cat on Sat Jun 22nd, 2024 at 12:19:20 AM EST
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