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Kenya Receives 107 Billion Loan.

Kenya Receives Its Biggest Loan Ever
photo credits, Citizen TV

Kenya Receives Its Biggest Loan Ever, Kenyans React,
 Kenya is set to receive a whopping 107 Billion shillings from the World Bank, in an effort to strengthen its budget. 


The treasury CS Ukur Yatani confirmed the approval of the huge credit, citing it's mainly meant for budgetary support. This debt breaks the record as the highest amount of loan ever received from the World Bank. Last year, the same organization made a disbursement of 80 Billion to the national treasury to aid in government expenditures. In line with the CS, "The fact that WB does not provide budget support to countries with weak Macro framework is a testimony of the confidence levels of the bank in our new policy reforms". He tweeted. However, the approval of this loan broke the internet, with the majority of Kenyans opposing its disbursement. According to them, they're being subjected to a debt they're not benefiting from the loan in any way. Below are some of the netizens' reactions:
Kenya Receives Its Biggest Loan Ever

@UE1fS2VybmVs @WorldBankKenya  you are a very unethical organization..this is unacceptable and very unprofessional of this organization. Why would you subject Kenyans to such debt when we all know for sure that it will end-up in peoples' pockets.!!!! @hrw @WorldBankKenya is killing us slowly.

@FeyTrizan I think everyone should tag world bank and tell them we don't need more loans

@SteveOnyangoII Wueh! At what point does this greed stop?! I was thinking even gluttony has a limit. BTW how do you call the next stage of greed after gluttony? greed=>gluttony=>what next?


@pascal_amollo I think this not the right thing World bank is doing because we should have the breakdown of the first allocated billions before adding some, and how does it boost economic if the "common mwananchi" are dying of anger then what's the purpose of that money to the citizens?

@rutobauer The only person who can stop @WorldBank from giving out money to Kenya unless they account for it is @realDonaldTrump. Pull out your damn funding @realDonaldTrump ..you are feeding thieves

@marlikndungu The mess Uhuru will leave us in it will take us so many years do undo, he is the worst president to grace this land, the country is borrowing but we can't see anything that is developing. The only development is thieves banks when looting is done.

@sewe_kevins And the LOOTING SPREE continues!!! This is why COVID numbers will NEVER REDUCE until when the WORLD BANK will admit that they are now BROKE and the funds fully EMBEZZLED.
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