Author Topic: Kenya on top of IMF borrowers with Argentina Ukraine snd Ghana - will default  (Read 1454 times)

Offline Nowayhaha

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Seems Kenya will eventaully go Sri Lanka snd Ghana Way…..

https://www.fdiintelligence.com/content/news/the-imfs-top-10-biggest-debtors-81405

Four sub-Saharan African economies round out the top 10 debtors: Angola, Kenya, South Africa and Ghana. All four received support to address the Covid-19 pandemic in 2020. The IMF said in November 2023 that a slowdown in the economy of China, which buys one-fifth of sub-Saharan Africa’s exports including metals and fuel, will weigh on the region’s growth.

Offline RV Heavy Hitter!

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Seems Kenya will eventaully go Sri Lanka snd Ghana Way…..

https://www.fdiintelligence.com/content/news/the-imfs-top-10-biggest-debtors-81405

Four sub-Saharan African economies round out the top 10 debtors: Angola, Kenya, South Africa and Ghana. All four received support to address the Covid-19 pandemic in 2020. The IMF said in November 2023 that a slowdown in the economy of China, which buys one-fifth of sub-Saharan Africa’s exports including metals and fuel, will weigh on the region’s growth.
Covid billionaires emtied the borrowed funds. Kenya still survives!
The future belongs to those who have a quarter of the character and integrity of RV Heavy Hitter!

Offline Georgesoros

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I just learnt that helicopters are tax free😮😮😮
And they wanted to tax bread???
What a convoluted idea

Offline gout

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They are about to rejoin sillykali.
Covid billionaires emtied the borrowed funds. Kenya still survives!
Government, even in its best state, is but a necessary evil; in its worst state, an intolerable one ~ Thomas Paine