The International Monetary Fund (IMF) has raised transparency concerns as Kenya advances plans to securitise part of its fuel levy — a Sh175 billion financing strategy drawing sharp criticism for potentially bypassing parliamentary oversight and constitutional safeguards.
The National Treasury says the securitisation move will fast-track road construction and clear pending bills by converting future fuel levy revenues into tradeable securities.
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The International Monetary Fund (IMF) has raised transparency concerns as Kenya advances plans to securitise part of its fuel levy — a Sh175 billion financing strategy drawing sharp criticism for potentially bypassing parliamentary oversight and constitutional safeguards.
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By Brian Ngugi