The Concerning Economic Squeeze On Sub-Saharan Africa allafrica: Africa
the region is now described as the new global epicenter of violent extremism. The population is suffering immensely, and in some areas, more than 2 million people were displaced, and agriculture and development have come to a halt.Pattillo said that the IMF is doing its"utmost" to work with countries to make sure that that funding is used in the best way possible, so that it benefits the citizens.
"Countries come to the IMF for financing in a time of difficulty, not when they have other sources. There is a lot that goes on in countries that, as outsiders, we cannot know, in every detail. The most important thing ... is we're trying to help countries, build those institutions, so that they can be the ones to make sure that the money is well spent, and that governments are held accountable.
Pattillo said the IMF helps countries with reforms and how to finance their balance of payments, external funding, how much they need in terms of government financing, and working with all development partners. "We look at the outflows, and see what the gap is and what ... we can help them finance, and what other development partners will help finance. If they're committing to really, really ambitious reforms, this would justify more financing. We look to ensure that debt is sustainable, because you don't want to be financing a country and putting it into more debt problems.
Kenya has been struggling with its public debt, a heavy burden on long-suffering citizens, who were opposed to further government loans from the IMF to fund the Covid-19 pandemic vaccination programme. In his last address as Kenya's president, Uhuru Kenyatta urged the new administration to use debt - emphasising its importance - as a
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