NAIROBI – The International Monetary Fund (IMF) has advised the Kenyan government to maintain its course on tax reforms despite ongoing protests. This directive, according to a report by The Nation comes as a response to the widespread demonstrations against new tax measures introduced by the government..
The IMF’s stance was conveyed through its officials who emphasized the importance of fiscal discipline and the need for Kenya to increase its revenue base. According to the IMF, the new tax policies are essential for the country’s economic stability and growth, and the government should prioritize these reforms over the current public dissent.
Protesters have taken to the streets in various parts of the country, voicing their opposition to the increased tax burden, which they argue exacerbates the cost of living. Despite this, the IMF insists that the reforms are crucial for reducing the national deficit and ensuring long-term financial health.
Kenya’s government has so far shown a commitment to the IMF’s recommendations, aiming to enhance its revenue collection mechanisms. This approach, while controversial, is seen as a necessary step to secure further financial support from international lenders and to sustain economic development.
As the protests continue, the Kenyan government faces the challenge of balancing public opinion with the imperative of adhering to international financial guidelines. The IMF’s latest advice underscores the global financial body’s support for the government’s current fiscal strategies, highlighting the broader economic implications of maintaining these reforms amidst domestic opposition.
