Manage coronavirus funds transparently – Daily Nation

On Tuesday, the National Treasury announced a Sh53.7 billion stimulus package to support businesses that have been hit by the coronavirus pandemic.

National Treasury Cabinet Secretary Ukur Yatani said the funds will provide credit guarantee and loans and help support tourist facilities.

This came hours after he said that the World Bank would lend Kenya $1 billion in budget support, its biggest financing package yet for the country.

Early this month, the International Monetary Fund approved disbursement of $739 to Kenya to address the impact of the Covid-19 pandemic.

These are some of the measures that should increase cash flow for those in need and allow some social policymaking and relief spending in response to the pandemic.

While the pandemic has come with various challenges, it is clear that there has been an influx of funds and this has already raised concerns among many over how the money will be managed.

Past experience, however, tells us to keep our eye on the money as funds tend to be mismanaged. Many people on social media are already demanding efficiency and transparency in the management and administration of Covid-19 funds.