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The Kenyan President’s decision to rush through Parliament an IMF-backed finance Bill that sought to increase taxes on everything from imported sanitary pads and tyres to bread and fuel backfired, with protesters storming a section of the Parliament.
Relevancy for Prelims: Kenya Map, World Bank, IMF, COVID-19, Ukraine war etc.
Relevancy for Mains: Development model Kenya, Economic growth and the burden of mounting debt in developing countries, etc. |
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Kenya faces a severe debt crisis, driven by heavy borrowing and exacerbated by global events, requiring urgent reforms and responsible governance to stabilize its economy.
Mains Question: |
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