Economy

We Are With You ‘IN THOUGHTS’, IMF Tells Parents of Kenyans Killed During Protests

The Fund said it will keep supporting Kenya in establishing sound microeconomic policies to help the east African country manage its current financial strains.

July 12, 2024
814 1 minute read
We Are With You ‘IN THOUGHTS’, IMF Tells Parents of Kenyans Killed During Protests

The International Monetary Fund (IMF) has spoken for the very first time about killing of Kenyans during Protests over the government’s punitive taxes.

In a statement, the multilateral lender said “our thoughts are with all the people affected by the turmoil in the country.”

Official data from the Kenya National Human Rights Commission indicates that 41 people were killed during anti-tax protests with over 600 injured.

IMF said this when it made comments President William Ruto’s decision to withdraw the finance “Bill, 2024.

Deeply Concerned

The first Kenyan to be gunned down by police was a 29-year old Rex Masai on June 20, 2024.

Also Read: IMF Speaks on Supporting Kenya Day After Ruto Sacked Cabinet

“We are deeply concerned about the tragic events in Kenya in recent weeks and saddened by the loss of lives and the many injuries,” added the IMF.

This even as the Fund said it will keep supporting Kenya in establishing sound microeconomic policies to help the east African country manage its current financial strains.

“We remain committed to help Kenya establish sound macroeconomic fundamentals, crucial for sustainable growth and job creation, especially for the country’s young people,”  said Kozack.

It also said any potential modifications to the IMF program will be based on thorough analysis and constructive dialogue with the Kenyan authorities on their proposed policy package, with the aim of addressing the country’s economic challenges effectively.

Given the wave of protest by the youthful Kenyans, IMF said it will do best moving forward to include the public in formulating tax policies to win their trust.

“It is also important that these policies go through a process of broad consultation so they can gain public support.”

July 12, 2024
814 1 minute read
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Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.

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