IMF closely monitoring situation in Kenya, affirms support for economic recovery

The International Monetary Fund (IMF) says it is closely monitoring the situation in Kenya following the nationwide youth-led anti-finance bill protests.

In a statement, the IMF affirmed its commitment to helping Kenya overcome its economic challenges.

“The IMF is closely monitoring the situation in Kenya. Our main goal in supporting Kenya is to help it overcome the difficult economic challenges it faces and improve its economic prospects and the well-being of its people,” said IMF  Director of Communications Julie Kozack.

Kozack said the IMF was “deeply concerned” about the tragic events in Kenya in recent days and saddened by the loss of lives and the many injuries reported during the protests.

“Our thoughts are with all the people affected by the turmoil in the country,” she stated.

The IMF further expressed committed to working together with Kenya to chart a course towards robust, sustainable, and inclusive growth.

At least 20 people were reported dead while over 120 were  injured during the anti-finance bill protests.

On Wednesday, President William Ruto announced withdrawal of the contentious bill to allow multi-sectoral and multi-stakeholder engagements.