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{
    "id": 846736,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/846736/?format=api",
    "text_counter": 263,
    "type": "speech",
    "speaker_name": "Kiambu, JP",
    "speaker_title": "Hon. Jude Njomo",
    "speaker": {
        "id": 1784,
        "legal_name": "Jude L. Kangethe Njomo",
        "slug": "jude-l-kangethe-njomo"
    },
    "content": "Apart from banks, the International Monetary Fund (IMF) has been putting a lot of pressure on our Government to remove these caps. They do this because most of foreign banks in this country are domiciled in Europe and elsewhere. We know that the interest of the IMF is not the people of Kenya, but the people they represent. So, we have a responsibility to protect our people also from the IMF. I would like somebody to show me a country that developed out of borrowing money from the IMF. We must encourage our Government to also think of different alternatives. I would challenge the Cabinet Secretary, Mr. Rotich, to think out of the box and look for money elsewhere apart from the IMF. The conditions that the IMF imposes upon the country remind me of President Moi’s time when he was complaining about shifting goal posts. He was told to do this-and-that. He would do it and still, he would be asked to do other things and he would not be loaned money. So, we shall remain slaves of the IMF unless we become smart. So, we have a responsibility, as a House, to rescue our Government from the claws of the IMF and the World Bank. We must do that by doing what we think is right for our people and not for the IMF. If we had gone with the IMF requirement, our National Bank would be closed by now because they had recommended for it to be closed. They messed up with copper mining The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor."
}