Kenyans are angry after waking up to the news that the International Monetary Fund on Friday had approved a Sh255 billion loan for Kenya.
Majority of Kenyans online wondered why the IMF approved the loan request at a time the country is already burdened with an insane amount of debt.
The loan comes just one day after a study by Infotrak suggested that most Kenyans are opposed to the government’s appetite for foreign loans.
As soon as Kenyans got wind of the new loan approval, they flocked in droves to IMF social media pages asking, pleading and ordering the fund to keep their loans away from their government.
The furious Kenyans have now started a petition to the IMF to cancel the billions of shillings loan. You can find the petition here.
Here are some Kenyans reactions on popular microblogging site Twitter:
Kenyans on the IMF facebook wall 🤣🤣🤣 pic.twitter.com/1Ixhq6afgQ
— Geoffrey, Your Realtor.🇰🇪 (@RX_Pundit) April 4, 2021
I suspect the International Monetary Fund, IMF, receives kickbacks from the government of Kenya every time they lend us money. How do you explain an institution that is ever ready to dish out loans to a nation that openly squanders, embezzles and mismanagement the funds?
— Author Sakwah Ongoma (@CSakwah) April 4, 2021
— #LandIsNotProperty Mwalimu Wandia (@wmnjoya) April 5, 2021
IMF is the global den of corruption.
It endears itself to corrupt governments because when it lends loans to failed systems, it benefits from kickbacks, leakage and higher interest rates on the money given.
The US is the largest contributor to IMF.
— Eric (@amerix) April 5, 2021
Great work by KOT, International Monetary Fund (IMF) now to decide whether to approve Loans(Kshs. 225 B) to Kenya or revoke following the complaints by Kenyans on social media concerning corruption in the government of KENYA.
— Rodgers Kipembe Mpuru (@RodgersKipembe) April 5, 2021