IMF Pledges Support for Kenya After Anti-Finance Bill Protests
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Kenya: Pres. Ruto Withdraws Tax Reforms After Deadly Protests
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The Facts
Kenyan Pres. William Ruto has withdrawn a finance bill passed by parliament on Tuesday, which included tax increases, following a week of clashes between police and protesters in at least 35 of the country's 47 counties.
In a TV address on Wednesday, Ruto said that "the people have spoken" and that he will not sign the contentious legislation. He added that he will now enter into a dialog with the Kenyan youth.
The Spin
Narrative A
Ruto's decision to abandon the planned tax hikes and incorporate the protesters' demands into the "Finance Bill 2024" proves that he is a democratic leader for whom people's will is paramount. In light of the tragic loss of life, the IMF will assist the Kenyan government in addressing its serious economic challenges and improving its financial prospects. Only robust, sustainable, and inclusive growth will ensure dignity and prosperity for all Kenyans.
Narrative B
Ruto's U-turn on the proposed tax hikes is a victory for Kenya's civil society, which exercised its democratic right to protest and was met with massive state violence. Ruto is a puppet of the notorious IMF and its austerity agenda, which is squeezing the people to generate "growth." To consolidate the national budget and create prosperity for all Kenyans, Ruto should first tackle corruption and nepotism and address the people's legitimate concerns.