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Kenya bows to IMF pressure, to restructure 18 state agencies by VICTOR AMADALA According to IMF, the government might use an additional Sh65 billion to bail out cash-strapped parastatals in the current financial year. The folding and merger of some of the affected agencies are likely to see many civil servants pushed out of jobs The Kenyan government has earmarked 18 state agencies for restructuring as part of IMF s condition for the $2.34 billion loans granted in April. The National Treasury on Thursday added nine more state agencies to the initial nine slated for privatisation. The seal of the International Monetary Fund (IMF) is seen outside of a headquarters building in Washington, DC on April 7, 2021. - Raising taxes on wealthy firms that have done well during the pandemic is increasingly viewed as a source of revenue to finance pandemic recovery efforts, an idea pushed Wednesday by the IMF and the US. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/

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