Kenya’s Ruto Caught Between Street Protests and the IMF
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Kenyan President William Ruto has faced protests in Nairobi and other cities across the country due to a cost of living crisis and unpopular taxes he has implemented. The protests have targeted the International Monetary Fund (IMF), accusing Ruto of surrendering to the IMF and ignoring the feelings of the people. Ruto has been implementing fiscal reforms recommended by the IMF to address Kenya's heavy debt burden and increase revenue collections. However, the protests indicate a growing discontent among Kenyans, particularly the young population, who feel that the government has prioritized the IMF over their needs. Ruto now faces a choice between appeasing the IMF or addressing the concerns of the protesters. The protests come ahead of a final vote on Ruto's 2024 Finance Bill, which includes ambitious revenue targets. While Ruto's fiscal decisions have been praised by international investors and the IMF, the protests highlight the need for the government to consider the impact on the population and address their concerns.

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https://www.bloomberg.com/news/articles/2024-06-22/kenya-finance-bill-protests-ruto-faces-choice-between-imf-and-people