Kenya's COTU warns new Treasury CS Mbadi against strictly following IMF recommendations, citing historical adverse effects.

Kenya's Central Organization of Trade Unions (COTU) warns new National Treasury Cabinet Secretary John Mbadi against strictly following International Monetary Fund (IMF) recommendations. COTU cites historical instances where IMF advice led to adverse effects, including increased taxation and austerity measures causing social unrest. The organization urges Mbadi to adopt a balanced approach prioritizing citizens' welfare over strict IMF conditionalities.

August 14, 2024
10 Articles