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Vol 62 No 9

Published 29th April 2021


Don’t show us the money

Kenyans worry that the government is leading donors on a familiar dance as it continues to increase borrowing

In the dog days of President Daniel arap Moi's reign, Kenya acquired a reputation for borrowing from the International Monetary Fund and other financial institutions after promising economic reform, before reneging on its commitments, then using the funds for political projects. After a reprimand and a hiatus, another agreement would be signed, often with the support of Moi's western backers. Kenyan economists with long memories fear President Uhuru Kenyatta's government could be repeating the same pattern.

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