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Why Kenyans Fear a New IMF Loan

Why Kenyans Fear a New IMF Loan The terrible impact of past IMF loans has made it clear to many Kenyans that yet another loan spells disaster. Pictured above is Central Bank of Kenya. Due to COVID-19, Kenyans have been protesting online against IMF loans. World2 hours ago Never did I imagine that opposing an International Monetary Fund (IMF) loan to Kenya would be viewed by the Kenyan authorities as a criminal act. But that is exactly what transpired in early April when activist Mutemi Kiama ...
United States Nairobi Area Saudi Arabia Republic Of Kenya Mwai Kibaki Uhuru Kenyatta
Source: thewire.in

From 'socialism' to disaster capitalism

"The demonstration of superfluous consumption amidst mass hardship must be eliminated. Thus sumptuous hotel dinners, the exhibition of costly jewellery and dress, and the display of surplus motor space speeding past long queues for heavily overloaded public transport, to mention only a few, must be limited severely." โ€” Professor Anisur Rahman, Member of first Planning Commission, 1974. Capitalist growth is very much visible in Bangladesh now. The nature and quality of capitalism deserve much ...
United Kingdom Bangladesh General Tajuddin Ahmed Nurul Islam Mazharul Huq Anisur Rahman

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