Kenya’s debt needs to be audited and any unjust debts and interests should be canceled. This would grant the country economic sovereignty, alleviate the heavy debt repayment burden on Kenyans, and give them a chance at a decent and equitable life. Rather than imposing steep austerity measures, the IMF should prioritize social and economic justice that promotes the well-being of the people.
IMF
Pressure grows on World Bank boss to quit over funding of climate chaos
Last week, civil society advocates from across the world convened outside the Washington DC headquarters of the World Bank to protest the Bank’s highly controversial financing of deadly fossil fuel projects.
New report finds International Monetary Fund must curb its support for fossil fuels
“As many Global South countries face the worst debt crises we have seen in a generation and climate disasters at the same time, the IMF has a lot to answer for,” said Bronwen Tucker.
Rep. Jared Huffman, Advocates Call on World Bank to Stop Financing Dirty Fuel-Based Transport Projects
“The World Bank is falling short by doubling down on fossil fuel transportation investments that will lock in climate chaos while creating new sources of sickening pollution for communities around the globe,” said Collin Rees.