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Kenyan Newspaper Pleads With Government to Stop Borrowing Money

by Eric Olander

The influential financial newspaper Business Daily published a sharply-worded editorial on Wednesday that blasted the government for taking on more debt amid the country’s worsening economic crisis.

“The implications of the rapid accumulation of debt are stark. The rising repayments are draining the public purse and forcing higher taxes upon the already stretched taxpayer,” warned the paper’s editorial in its plea to the Treasury to not take on new loans from the World Bank and the International Monetary Fund.

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