IMF Concerns: Finance Bill Protests Shake Economic Stability.

July 1, 2024 8

The International Monetary Fund (IMF) has voiced its distress over the recent tragic events in Kenya, where nationwide protests against the Finance Bill 2024 have resulted in fatalities and numerous injuries.

In a statement released on June 26, the IMF conveyed its sorrow and solidarity with the affected individuals.

“We are deeply concerned about the tragic events in Kenya in recent days and saddened by the loss of lives and the many injuries. Our thoughts are with all the people affected by the turmoil in the country,” the IMF declared.

The protests erupted following the proposal of the Finance Bill 2024, which has been met with widespread dissatisfaction among Kenyans.

Demonstrators took to the streets, voicing their discontent with the bill’s provisions, leading to clashes with security forces and resulting in casualties.

The IMF emphasized its commitment to monitoring the situation closely and supporting Kenya through its economic challenges.

“The IMF is closely monitoring the situation in Kenya. Our main goal in supporting Kenya is to help it overcome the difficult economic challenges it faces and improve its economic prospects and the well-being of its people,” the statement continued.

This statement comes on the heels of President William Ruto’s decision to withhold assent to the controversial Finance Bill 2024.

Source :Pulse Business