IMF Expresses Solidarity with Victims of Anti-Government Protests in Kenya The International Monetary Fund (IMF) has expressed its deep concern and solidarity with the victims of the recent anti-government protests in Kenya. The protests erupted following the disputed presidential election results, leading to widespread violence and loss of life. Statement by the IMF In a statement released on August 16, 2022, IMF Managing Director Kristalina Georgieva condemned the violence and urged an immediate end to hostilities. “We extend our deepest condolences to the families of those who have lost their lives and wish a speedy recovery to the injured,” she stated. Support for Dialogue and Peaceful Resolution The IMF emphasized the importance of dialogue and peaceful resolution to address the underlying grievances that have fueled the protests. It called on all parties involved to engage in constructive discussions to find a way forward that is in the best interests of the Kenyan people. “We encourage the government and opposition to work together to create an environment conducive to a peaceful resolution of the current crisis,” the statement said. Economic Impact The IMF also noted the economic impact of the protests and urged the authorities to take appropriate measures to mitigate the consequences. It highlighted the importance of restoring stability and creating a conducive environment for economic recovery. Call for Independent Investigation The IMF called for an independent investigation into the circumstances that led to the violence and the loss of life. It emphasized the need to hold those responsible accountable and ensure transparency and justice. Conclusion The IMF expressed its unwavering commitment to supporting Kenya’s economic stability and progress. It urged all stakeholders to work together to address the current challenges and build a more inclusive and prosperous future for the country. “We remain confident in the resilience of the Kenyan people and their ability to overcome this difficult period,” the statement concluded.International Monetary Fund Expresses Solidarity with Kenya Amidst Protests and Economic ChallengesInternational Monetary Fund Expresses Solidarity with Kenya Amidst Protests and Economic Challenges The International Monetary Fund (IMF) has extended its sympathy to the people of Kenya following recent tragic events that have resulted in loss of life and injuries during anti-government protests. The IMF has also acknowledged the broader challenges faced by low-income countries, including Kenya. According to Julie Kozack, the IMF Spokesman, the situation in Kenya reflects the challenges experienced by many low-income countries due to tighter global financial conditions and reduced availability of concessional financing. These countries, including Kenya, face a balancing act between addressing urgent spending needs in areas such as social programs, health, and education, and managing rising public debt and debt service. Kozack noted that the IMF’s support program for Kenya aims to establish sound macroeconomic fundamentals to foster sustainable and inclusive growth. He emphasized the importance of generating jobs, particularly for the youth population. The IMF is working with the Kenyan authorities to achieve these objectives. However, the IMF has been criticized by ActionAid for failing to provide policy advice to Kenya on raising revenue for debt service without resorting to tax increases on essential goods and services. Samson Orao of ActionAid believes this approach exposes the vulnerable to a high cost of living and is counterproductive. Despite these concerns, Kozak expressed confidence that the IMF and Kenya can find a balanced path. According to him, Kenya’s IMF-supported programs include reforms to improve governance, transparency, and responsible use of public funds. The aim is to safeguard social programs and protect the most vulnerable members of society.The International Monetary Fund (IMF) has expressed its deepest sympathies to the families of those who lost their lives and to those who were injured during the recent anti-government protests in Kenya. The IMF strongly condemns all forms of violence and calls for a peaceful resolution to the current political crisis. The IMF stands ready to provide support to the Kenyan authorities in their efforts to address the underlying causes of the protests and to promote inclusive economic growth and development. The IMF urges all stakeholders to engage in constructive dialogue and to work together to find a peaceful solution to the current crisis.