IMF TALKS RESUME
A joint International Monetary Fund and World Bank mission is due in Nairobi to discuss resumption of financial aid talks [...]
A joint International Monetary Fund and World Bank mission is due in Nairobi to discuss resumption of financial aid talks [...]
The approval by the International Monetary Fund management committee on December 17 of the conclusions of the negotiations with the Kenyan government on Article IV of the IMF Statutes (ION 874) has lifted the last obstacle to the resumption of [.
The Kenyan government is moving heaven and earth with its fund donors to find a way to finance its budget [...]
The 'saviours of the economy' team led by civil service chief Richard Leakey has run into its first reverse by failing to persuade the International Monetary Fund and World Bank to normalize their relations with Kenya.
The World Bank partnership group is currently putting the finishing touches to the Public Expenditure Review of Ethiopia which details [...]
Richard Leakey, the man Kenyan head of state Daniel arap Moi chose in July to lead Kenya's civil service, can maybe reckon on three months to prove he and his team are up to the job of cleaning out the [.
Following the IMF's lead, the World Bank will on September 13 present a third structural adjustment credit line for Zimbabwe [...]
The counsels of firmness that World Bank official Michael Sarris delivered to Madagascar's prime minister Tantely Andrianarivo fell flat (ION 862) and striking workers at the state-owned petroleum products utility Solima managed to hold out against the government, infuriating head [.
When the African director of the International Monetary Fund, Goodall Gondwe, met the Zimbabwean minister of finance Herbert Murerwa in [...]
When International Monetary Fund (IMF) officials approved an enhanced structural adjustment facility for Tanzania in January, they seriously underestimated that [...]
Madagascar's fiscal revenues were, again at the end of March, well below objectives fixed by the International Monetary Fund and [...]
The joint World Bank and International Monetary Fund mission which is in Antananarivo from November 7 to 17 is expected [...]
Kenya is using financial assistance from its international fund donors to reorient health sector priorities to rural zones. For while [...]
On Madagascar, implementation of the economic reform programme passes by firm spoonfeeding at all stages of local institutions (presidency, prime minister's office, economic ministries, etc) by International Monetary Fund and World Bank representatives. Objective: to neutralize all political interference by [.
An International Monetary Fund and World Bank joint delegation visit to Antananarivo (October 15 to November 7) is not expected [...]
After having steadfastly refused to open up its telecommunications to the private sector, the Ethiopian government may now have to soften its stand following strong pressure from the World Bank and International Monetary Fund (an IMF delegation is expected in [.
The cancellation last week of the decree appointing Armand Ralaidovy to be coordinator of the World Bank health project known [...]
At the end of April prime minister Ahmed Abdou dissolved the technical committee responsible for the structural adjustment programme (in [...]
Nigelec has been marked down for IMF-World Bank-type privatization along with the water company SNE and oil storage firm Sonidep. [...]
A joint World Bank and International Monetary Fund delegation landed in Nairobi last week on a fifteen-day mission. Led by [...]
A majority of Uganda's international fund donors retain a favourable stance to the Kampala authorities, having noted with satisfaction that [...]
During the recent World Bank and International Monetary Fund AGMs [...]
The Ethiopian authorities are believed to be on the point of reaching agreement with the International Monetary Fund for a [...]
A Portuguese bid to acquire all or part of the shares of the government and/or Lonrho in the Beira-Harare pipeline [...]
The World Bank has announced approval by the International Development Association (IDA) of a $23 million loan that had been [...]
In an aide-mémoire of March 28 to the director general of the International Monetary Fund, Michel Camdessus, the governor of [...]
The timetable will be honored, as with electricity-generation, but the privatization of Congo's downstream oil sector will leave a government [...]
The visit of French cooperation minister Jacques Godfrain to Djibouti from April 15 to 17 and the simultaneous decision of the International Monetary Fund (IMF) board in Washington on April 15 to grant the Djibouti government a US$6.
Mozambique's programme of macro-economic reforms (negotiated with the International Monetary Fund in March for submission to the management committee in May, to get a new three-year enhanced structural adjustment facility) leans heavily on a restrictive fiscal and monetary policy.
The 1996 budget was the principal problem raised by officials of the International Monetary Fund and World Bank during their [...]
The meeting of the World Bank consultative group on Kenya which was to have been held in Paris at the [...]
The opening of Madagascar's electricity sector to "private capital" has been underscored in a so-called "outline document for economic policy" [...]
The International Monetary Fund mission which was in Djibouti from September 20 to October 3 has demanded additional budget economy [...]
Madagascar's delegation to the annual meeting of the IMF and World Bank in Washington flew off carrying the government's economic [...]
The Kenyan government's cyclothymic relations with its international fund donors have just swung into a new phase of elation. After facing the running fire of political criticism from the donors in Paris on July 20 (ION N° 682), the Nairobi [.
A first meeting of KANU (government party) representatives and delegates from opposition movements was held discreetly in Kenya last week [...]
Kwesi Botchwey may owe his downfall to a drillship. The dismissal of Botchwey, a top-rate finance minister who played a [...]
Marked on June 10 by the largest opposition demonstration seen in Antananarivo since last year, the campaign for the impeachment of the head of state Albert Zafy, which opposition MPs are now threatening to continue inside parliament, has rekindled the [.
Djibouti's council of ministers of April 30 decided to slash 798 million Djibouti francs (FFr.26.6 million) from the state expenditure [...]
"There is a lack of openness in the oil sector" and a drop in receipts appears inevitable, confirmed a report entitled "Macro-Economic Survey of Cameroon after the Devaluation" commissioned by the French cooperation ministry. The report resulted from a mission [.
Prime minister Francisque Ravony has come out again for his preference for dialogue with the International Monetary Fund, which he [...]
Madagascar intends to open all of its sedimentary zones to oil and gas exploration this year with a revised legislative framework allowing for production sharing accords for the first time instead of the so-called "participation" agreements which prevailed under the [.
The government last week took a major step towards privatization as championed by the IMF and World Bank when it [...]
Mozambique's delegation at the World Bank's consultative group meeting, held in Paris on March 14 and 15, received the optimistic welcome traditionally reserved for most brand-new governments, at least for their first few months in office.
After having long shuffled its feet over the urgent economic reforms demanded by the international fund donors but without having come up with an alternative plan worthy of the name, Madagascar's government now has its collective back to the wall.
International fund donors for Eritrea who attended the World Bank's consultative group meeting in Paris in December (ION N° 652) [...]
The Djibouti government has officially notified the French government that it does not intend to apply to the International Monetary Fund for assistance despite repeated "advice" from Paris to do so, and has worked out a plan to get round [.
Air France's decision to scrap its weekly Paris-Maputo flight via Johannesburg at the end of December, following a serious disagreement [...]
Breaking with their customary political immobility, head of state Albert Zafy and prime minister Francisque Ravony this week slapped a first warning on national assembly chairman Reverend Richard Andriamanjato by firing his protégé, central bank governor Raoul Ravelomanana, the man [.
Fund donors for Tanzania attending an informal meeting in Paris on December 14 decided to leave it to the International Monetary Fund to decide on releasing international aid to that country. IMF is to despatch a mission to Dar es [.
At virtually the last second, head of state Ali Hassan Mwinyi has requested postponement (until next year) of the World [...]
"The government has signed with ENH," declared Mario Marques, managing director of Mozambique's Empresa Nacional de Hidrocarbonetos. However, it was not with ENH but with Enron that Mozambique had signed a memorandum of understanding to develop the Pande gas deposit, [.
The Paris-based bank Lazard Frères has had some problems with a credit line of US$35 million it tried to arrange [...]
Madagascar's recent ministerial reshuffle (ION N° 635) may see the departure of the governor of the Madagascar central bank, Raoul [...]
Following his recent mission to Kenya, Hiroyuki Hino, the International Monetary Fund (IMF) delegate responsible for supervising the structural adjustment [...]
By taking his place at the head of the Malagasy delegation which renewed the dialogue with the Bretton Woods institutions in Washington at the beginning of April, the prime minister Francisque Ravony has tied his future to the results of [.
Several financing projects to assist countries along the Indian Ocean shoreline have recently been put out for examination by the [...]
Paul Toungui has been given the mines-enery and hydraulic resources [...]
Private investment projects and international credit for Ethiopia are not what is lacking. But bringing them to life is quite another matter and runs into numerous obstacles. At the end of 1993, the Investment Office of Ethiopia had listed six [.
The simultaneous arrival in Djibouti last week of a "high level" French political delegation and a "heavyweight" World Bank and International Monetary Fund mission is an eye-opener on the way that tasks are being distributed in the matter of the [.
Mozambique's government has asked the United Nations special representative in Maputo, Aldo Ajello, to back the government's approach to the [...]
The International Monetary Fund mission which has been in Kenya is due to leave at the end of the week [...]
Madagascar's discussions with the World Bank and the International Monetary Fund (IMF) will doubtless be far more delicate than that government likes to admit and it seems extremely unlikely that structural adjustment credits can be released before the second half [.
For nearly 10 years Eskom chief Ian McRay has been championing the idea of an interconnection between Southern Africa's electricity grids and he seized the occasion of a conference staged on Oct. 14-15 by the Brussels Club on the theme [.
The managing director of Société Nationale des Hydrocarbures (SNH), Adolphe Moudiki, announced a few days ago that the state-owned company [...]
The manager of the Central Bank of Kenya (CBK), Eric Cheruiyot Kotut (a Kalenjin) gave his resignation to president Daniel [...]
Zimbabwe's health minister Timothy Stamps caused ripples in Harare this week at the World Bank presentation of its annual development [...]
Although oil prices are among the last to be controlled in Kenya the curbs will be lifted at the end [...]
The first GATT (General Agreement on Tariffs and Trade) Council meeting on South Africa was held in Geneva at the beginning of June, and the delegates present deplored the instability, complexity and lack of transparency in South Africa's trade policy, [.
The legislative election campaign in Madagascar opened this week just two weeks ahead of the vote due on June 16, the result of which appears to be impossible to predict, mainly because of the large number of candidates (some of [.
The government in Nairobi says it is satisfied with the outcome of the informal donors meeting that took place in [...]
The Comoros government has reiterated its pledge to privatize the distribution of oil products and re-haul the electricity sector. The [...]
Kenya's relations with the International Monetary Fund seem to be well on the way to a return to normal. The IMF's high-level mission that left Nairobi last week, reached an accord with the Kenyan authorities.
Negotiations for a 60 million-dollar credit from the World Bank-affiliate, International Development Association (IDA) for Zimbabwe are due to begin [...]
At the first council of ministers on April 16, chaired by the new Malagasy President, Albert Zafy, recalled "the imperative [...]
Negotiations with missions from the World Bank and the IMF (ION N°569), that have now left the Comoros archipelago, culminated [...]
As development on Mali's biggest gold deposit at Syama presses ahead, BHP Utah intends to join the Loulo project. An [...]
After donors refuses to resume quick disbursement aid to Kenya during an informal meeting in London last week (ION N°567), [...]
Over 190 local firms (public and private) could be forced to repay, between now and July, 176.6 billion shillings (542 [...]
A recent article in the IMF bulletin on economic reforms since 1986 in Tanzania, notes that measures related to these [...]
An informal donors meeting on Kenya was held under the aegis of the World Bank in London on March 15, [...]
The two main requests put by the Kenyan minister for foreign affairs, Steven Musyoka, to the European Commission's Development Commissioner, [...]
Tanzania signed aid agreements totalling 1.26 billion dollars with donors that was to be disbursed for use, theoretically, during the [...]
The World Bank continues to pass the economic and social future of South Africa with a fine toothed comb. A [...]
The transition towards a third republic in Madagascar, has kicked off with the electoral victory of Albert Zafy in the presidential may well turn out to be none too smooth from an economic point of view, given that the country's [.
Kenyan President Daniel arap Moi presented a new government on January 13, the main feature of which is the appointment [...]
A major rift between the IMF and Nigeria surfaced in early January, shedding an even grimmer light on Nigeria's difficulty [...]
President Daniel arap Moi was sworn in on January 4, 1993 to continue his rule of the country for another [...]
The Mozambican government has estimated its external financing requirement for 1993 at almost 1.2 billion dollars, including 419 million dollars of rescheduled debt. But to this figure has to be added the cost of three programmes that spin off the [.
A year after international donors decided to freeze 350 million dollars of aid to Kenya, some of them no longer believe the present government will be capable of carrying through the economic reforms that include reducing the budget deficit, privatising [.
The International Monetary Fund (IMF) drew up a memo last month on the restructuring of Kenyan state enterprises (parastatals and [...]
The Ugandan government would like to become the first English-speaking African country to obtain credits from the French ministry of Cooperation, whose current policy is to lend to French-speaking and Portuguese-speaking countries only. Such an innovative move would constitute a [.
Two parallel missions, one from the International Monetary Fund and the other from the World Bank arrived in the Comoros [...]
A mission from the International Monetary Fund (IMF) led by Peter Heller and F. Bornemen recently visited the Kenyan capital, [...]
An official report commissioned by the Norwegian minister of foreign affairs from university professor Bjorn Rattso strongly criticises the economic [...]
Experts from the World Bank who recently toured Cameroon believe the best option for Cameroon's Société Nationale d'Electricité (SONEL) would [...]
In preparation for an accord being signed with the government in Antananarivo, the World Bank has outlined a forecast of [...]
One of the consequences of increased World Bank and International Monetary Fund (IMF) activity in recent years has been the development of consultancy and technical assistance to their beneficiaries. Structural adjustment policies require more complex handling and entail more intricate [.
On a recent visit to Paris, that ended on June 24, the Malagasy prime minister, Guy Razanamasy met with his [...]
Since April 1, an open crisis has been upsetting the Comoros Islands new national union government formed on January 6. [...]