Ruto won an election almost two years ago on a platform of championing Kenya’s working poor, but has been caught between the competing demands of lenders such as the International Monetary Fund, which is urging the government to cut deficits to access more funding, and a hard-pressed population.

Very interesting!

  • asante [comrade/them]@hexbear.netEnglish
    66·
    5 months ago

    from an accidental duplicate post i made:

    for context, a finance bill was brought by Ruto’s government to bring in austerity measures, mainly by increasing taxes - initially including 16% sales tax on bread and 25% duty on cooking oil - to reduce national debt with notable pressure from the IMF.

    protestors have been notably agitated as Ruto was voted on a platform of increase the wealth of the poor, leading to relatively large protests in Kenya and especially in Nairobi.

    anyways death to the IMF