Article 6P7W8 Kenya's daunting debt burden

Kenya's daunting debt burden

by
editors@theworld.org (Halima Gikandi)
from The World: Latest Stories on (#6P7W8)

During the past two weeks of nationwide anti-tax demonstrations, one institution has drawn the ire of many of the young Kenyans out on the street: The International Monetary Fund (IMF). They blame the IMF for encouraging Kenya's government to increase taxes in return for debt help and credit. It's not the first time the IMF has been criticized by Africans for giving loans that come with strict conditions. Now that Kenya's president has agreed not to sign the controversial bill, the question is how Kenya will address its debt problems. The World's Halima Gikandi reports from Nairobi.

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