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Originally published by The Standard BusinessJune 28, 2026
3h ago
'Debt before people': Report faults IMF over Kenya austerity
Kenya spends nearly three times more government revenue on external debt repayments than health, with a new report accusing the IMF of promoting austerity that limits investment in public services...
āØ Key Highlights
A new report, "Still Cooking with a Failed Recipe," criticizes the International Monetary Fund (IMF) for pushing austerity measures on Kenya that prioritize debt repayment over public services like health and education.
- Kenya spends ~29% of government revenue on external debt servicing versus ~9% on health and ~18% on education.
- The report was produced by ActionAid, Education International (EI), and the Tax and Education Alliance (TEA).
- The IMF's recommendations, focusing heavily on fiscal consolidation, are argued to worsen shortages of essential public sector workers and disproportionately burden ordinary citizens, particularly women and low-income households.
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