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KENYA

HAIR'S BREADTH FROM CASH CRISIS

The Kenyan government is moving heaven and earth with its fund donors to find a way to finance its budget [...] (498 words)

Issue dated 18/12/1999 Reading time 2 minutes

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IMF TALKS RESUME

A joint International Monetary Fund and World Bank mission is due in Nairobi to discuss resumption of financial aid talks

Spotlight

KENYA Politics 24/12/1999

STILL A GOOD CHANCE OF GOING BANKRUPT

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

KENYA 27/11/1999

NO IMF AID THIS FISCAL YEAR

It is not very likely that the release of an

Spotlight

KENYA Politics 09/10/1999

LEAKEY ON A TIGHTROPE

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.

ETHIOPIA 09/10/1999

BORDER-BUST COST IS HIGH

The World Bank partnership group is currently putting the finishing touches to the Public Expenditure Review of Ethiopia which details

Spotlight

KENYA Politics 04/09/1999

BARELY A THREE-MONTH HONEYMOON

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

ZIMBABWE 04/09/1999

WORLD BANK FOLLOWS SUIT

Following the IMF's lead, the World Bank will on September 13 present a third structural adjustment credit line for Zimbabwe

Spotlight

MADAGASCAR Politics 26/06/1999

ONE STEP FORWARD BUT TWO STEPS BACK

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

DJIBOUTI 19/06/1999

LAST PREPARATIONS FOR AN IMF CREDIT

Two International Monetary Fund officials (country director Van Kan Thai and Jakubiak) and the World Bank's country director Michael Sarris

ZIMBABWE 12/06/1999

HOW MURERWA REASSURED GONDWE

When the African director of the International Monetary Fund, Goodall Gondwe, met the Zimbabwean minister of finance Herbert Murerwa in

TANZANIA 08/05/1999

IMF DIDN'T SEE THE GAP

When International Monetary Fund (IMF) officials approved an enhanced structural adjustment facility for Tanzania in January, they seriously underestimated that

MADAGASCAR 24/04/1999

ETERNAL PROBLEM OF FISCAL REVENUE

Madagascar's fiscal revenues were, again at the end of March, well below objectives fixed by the International Monetary Fund and

MADAGASCAR 14/11/1998

NEW PLANS WITH IMF

The joint World Bank and International Monetary Fund mission which is in Antananarivo from November 7 to 17 is expected

Spotlight

MADAGASCAR 21/02/1998

WORLD BANK SECRETS

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

MADAGASCAR 08/11/1997

TAKING A CLOSE LOOK

An International Monetary Fund and World Bank joint delegation visit to Antananarivo (October 15 to November 7) is not expected

Spotlight

ETHIOPIA 11/10/1997

SOFTLY, SOFTLY

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

COMOROS ISLANDS 10/05/1997

PINNED DOWN

At the end of April prime minister Ahmed Abdou dissolved the technical committee responsible for the structural adjustment programme (in

NIGER Energy 19/03/1997

NIGELEC ON THE AUCTION BLOCK

Nigelec has been marked down for IMF-World Bank-type privatization along with the water company SNE and oil storage firm Sonidep.

UGANDA 23/11/1996

DONORS SEEM FAVOURABLE

A majority of Uganda's international fund donors retain a favourable stance to the Kampala authorities, having noted with satisfaction that

SOUTH AFRICA 12/10/1996

RAPPROCHEMENT WITH IMF

During the recent World Bank and International Monetary Fund AGMs

NIGERIA Energy 09/10/1996

PRIVATIZATION FOR OIL INDUSTRY?

Nigeria has managed to fend off the threat of oil or other sanctions with for a selective release of jailed

ETHIOPIA 15/06/1996

MOVING TOWARDS IMF ACCORD

The Ethiopian authorities are believed to be on the point of reaching agreement with the International Monetary Fund for a

MOZAMBIQUE Energy 29/05/1996

WHAT'S IN THE PIPELINE

A Portuguese bid to acquire all or part of the shares of the government and/or Lonrho in the Beira-Harare pipeline

MALI Energy 15/05/1996

TWO IDA LOANS APPROVED

The World Bank has announced approval by the International Development Association (IDA) of a $23 million loan that had been

DJIBOUTI 11/05/1996

IMF PROGRAMME

In an aide-mémoire of March 28 to the director general of the International Monetary Fund, Michel Camdessus, the governor of

CONGO Energy 01/05/1996

PRIVATIZATION WITH CURBS

The timetable will be honored, as with electricity-generation, but the privatization of Congo's downstream oil sector will leave a government

Spotlight

DJIBOUTI 20/04/1996

SWING TO AUSTERITY

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.

Spotlight

MOZAMBIQUE 13/04/1996

DR. IMF'S CASTOR-OIL

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.

MADAGASCAR 23/12/1995

TWO-MISSION BALANCE SHEET

The 1996 budget was the principal problem raised by officials of the International Monetary Fund and World Bank during their

KENYA 11/11/1995

THE POINT WITH DONORS

The meeting of the World Bank consultative group on Kenya which was to have been held in Paris at the

MADAGASCAR Energy 18/10/1995

GOVERNMENT PLANS SELL-OFF

The opening of Madagascar's electricity sector to "private capital" has been underscored in a so-called "outline document for economic policy"

DJIBOUTI 14/10/1995

IMF QUESTIONS

The International Monetary Fund mission which was in Djibouti from September 20 to October 3 has demanded additional budget economy

MADAGASCAR 14/10/1995

NEW REFORM TIMETABLE

Madagascar's delegation to the annual meeting of the IMF and World Bank in Washington flew off carrying the government's economic

Spotlight

KENYA 09/09/1995

ELATION FOLLOWS DEPRESSION

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

Spotlight

MADAGASCAR 17/06/1995

ZAFY AND RAVONY AT ODDS

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

Spotlight

CAMEROON Energy 10/05/1995

BOTTOM OF THE BARREL

"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

MADAGASCAR 17/04/1995

RAVONY ROOTS FOR IMF

Prime minister Francisque Ravony has come out again for his preference for dialogue with the International Monetary Fund, which he

Spotlight

MADAGASCAR Energy 22/03/1995

BID TO REVIVE EXPLORATION

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

CONGO Energy 22/03/1995

END OF THE OIL-STATE

The government last week took a major step towards privatization as championed by the IMF and World Bank when it

Spotlight

MADAGASCAR 25/02/1995

RAVONY BACK TO THE WALL

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.

ERITREA 04/02/1995

INTERNATIONAL AID DETAILED

International fund donors for Eritrea who attended the World Bank's consultative group meeting in Paris in December (ION N° 652)

Spotlight

TANZANIA 17/12/1994

IMF SHOWS A TOUGH GRIP

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

MADAGASCAR 03/09/1994

NO CREDIT FOR BANK GOVERNOR

Madagascar's recent ministerial reshuffle (ION N° 635) may see the departure of the governor of the Madagascar central bank, Raoul

KENYA 11/06/1994

NAIROBI SATISFIES IMF

Following his recent mission to Kenya, Hiroyuki Hino, the International Monetary Fund (IMF) delegate responsible for supervising the structural adjustment

Spotlight

MADAGASCAR 28/05/1994

RECIPROCAL MISTRUST

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

Spotlight

DJIBOUTI 05/02/1994

THE CARROT AND THE STICK

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 04/12/1993

THE BITTER PILL OF AUSTERITY

Mozambique's government has asked the United Nations special representative in Maputo, Aldo Ajello, to back the government's approach to the

KENYA 30/10/1993

FINAL DISCUSSIONS WITH IMF

The International Monetary Fund mission which has been in Kenya is due to leave at the end of the week

Spotlight

MADAGASCAR 23/10/1993

TIMETABLE FOR AN ECONOMIC RELAUNCH

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

Spotlight

KENYA 11/09/1993

BRUSHWOOD FIRES WITH DONORS

Although a Consultative Group meeting of the World Bank in Paris is expected on Kenya in the month of November, conditions still seem far from ready for normalising relations between the government in Nairobi and its fund donors.

KENYA Energy 23/06/1993

PRICE CONTROLS TO BE LIFTED

Although oil prices are among the last to be controlled in Kenya the curbs will be lifted at the end

Spotlight

SOUTH AFRICA 19/06/1993

GATT TALK

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,

KENYA 05/06/1993

BACK SOON IN EVERYONE'S GOOD BOOKS

The government in Nairobi says it is satisfied with the outcome of the informal donors meeting that took place in

COMOROS ISLANDS Energy 26/05/1993

NEW TALK OF PRIVATIZATION

The Comoros government has reiterated its pledge to privatize the distribution of oil products and re-haul the electricity sector. The

Spotlight

KENYA 22/05/1993

BACK TO NORMAL RELATIONS WITH IMF

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.

MADAGASCAR 24/04/1993

ZAFY TAKES THE BIT

At the first council of ministers on April 16, chaired by the new Malagasy President, Albert Zafy, recalled "the imperative

COMOROS ISLANDS 10/04/1993

EFFORTS TO IMPROVE ECONOMIC JAM

Negotiations with missions from the World Bank and the IMF (ION N°569), that have now left the Comoros archipelago, culminated

KENYA 27/03/1993

MOI BALKS AT IMF

After donors refuses to resume quick disbursement aid to Kenya during an informal meeting in London last week (ION N°567),

TANZANIA 20/03/1993

THE IMF WANTS MORE

A recent article in the IMF bulletin on economic reforms since 1986 in Tanzania, notes that measures related to these

KENYA 20/03/1993

AID STILL FROZEN

An informal donors meeting on Kenya was held under the aegis of the World Bank in London on March 15,

KENYA 13/03/1993

MIXED RESULTS FOR MUSYOKA AT EC

The two main requests put by the Kenyan minister for foreign affairs, Steven Musyoka, to the European Commission's Development Commissioner,

TANZANIA 27/02/1993

THE PROBLEM WITH FOREIGN AID...

Tanzania signed aid agreements totalling 1.26 billion dollars with donors that was to be disbursed for use, theoretically, during the

Spotlight

MADAGASCAR 20/02/1993

ECONOMIC DEADLINE

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

KENYA 09/01/1993

PARLIAMENT ROLE FOR OPPOSITION

President Daniel arap Moi was sworn in on January 4, 1993 to continue his rule of the country for another

Spotlight

KENYA 21/11/1992

A POST-ELECTORAL CHALLENGE

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

KENYA 14/11/1992

PARASTATALS UNDER IMF MICROSCOPE

The International Monetary Fund (IMF) drew up a memo last month on the restructuring of Kenyan state enterprises (parastatals and

COMOROS ISLANDS 31/10/1992

IMF AND WORLD BANK STEP IN

Two parallel missions, one from the International Monetary Fund and the other from the World Bank arrived in the Comoros

KENYA 19/09/1992

NAIROBI WAITING ON IMF GO-AHEAD

A mission from the International Monetary Fund (IMF) led by Peter Heller and F. Bornemen recently visited the Kenyan capital,

TANZANIA 29/08/1992

HOT DEBATE OVER RATTSO REPORT

An official report commissioned by the Norwegian minister of foreign affairs from university professor Bjorn Rattso strongly criticises the economic

MADAGASCAR 18/07/1992

WORLD BANK FORECASTS

In preparation for an accord being signed with the government in Antananarivo, the World Bank has outlined a forecast of

Spotlight

MADAGASCAR MOZAMBIQUE 18/07/1992

INDIAN OCEAN: THE HIGH PRICE OF SKILLS

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

COMOROS ISLANDS 11/04/1992

MOHAMED TAKI SPEAKS OUT

Since April 1, an open crisis has been upsetting the Comoros Islands new national union government formed on January 6.

MADAGASCAR 01/02/1992

IMF RECOMMENDATIONS

A joint IMF-World Bank delegation spent a week in Madagascar from January 16 to January 24 (ION N°510), meeting the

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HAIR'S BREADTH FROM CASH CRISIS

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IMF TALKS RESUME

STILL A GOOD CHANCE OF GOING BANKRUPT

NO IMF AID THIS FISCAL YEAR

LEAKEY ON A TIGHTROPE

BORDER-BUST COST IS HIGH

BARELY A THREE-MONTH HONEYMOON

WORLD BANK FOLLOWS SUIT

ONE STEP FORWARD BUT TWO STEPS BACK

LAST PREPARATIONS FOR AN IMF CREDIT

HOW MURERWA REASSURED GONDWE

IMF DIDN'T SEE THE GAP

ETERNAL PROBLEM OF FISCAL REVENUE

NEW PLANS WITH IMF

WORLD BANK SECRETS

TAKING A CLOSE LOOK

SOFTLY, SOFTLY

PINNED DOWN

NIGELEC ON THE AUCTION BLOCK

DONORS SEEM FAVOURABLE

RAPPROCHEMENT WITH IMF

PRIVATIZATION FOR OIL INDUSTRY?

MOVING TOWARDS IMF ACCORD

WHAT'S IN THE PIPELINE

TWO IDA LOANS APPROVED

IMF PROGRAMME

PRIVATIZATION WITH CURBS

SWING TO AUSTERITY

DR. IMF'S CASTOR-OIL

TWO-MISSION BALANCE SHEET

THE POINT WITH DONORS

GOVERNMENT PLANS SELL-OFF

IMF QUESTIONS

NEW REFORM TIMETABLE

ELATION FOLLOWS DEPRESSION

ZAFY AND RAVONY AT ODDS

BOTTOM OF THE BARREL

RAVONY ROOTS FOR IMF

BID TO REVIVE EXPLORATION

END OF THE OIL-STATE

RAVONY BACK TO THE WALL

INTERNATIONAL AID DETAILED

IMF SHOWS A TOUGH GRIP

NO CREDIT FOR BANK GOVERNOR

NAIROBI SATISFIES IMF

RECIPROCAL MISTRUST

THE CARROT AND THE STICK

THE BITTER PILL OF AUSTERITY

FINAL DISCUSSIONS WITH IMF

TIMETABLE FOR AN ECONOMIC RELAUNCH

BRUSHWOOD FIRES WITH DONORS

PRICE CONTROLS TO BE LIFTED

GATT TALK

BACK SOON IN EVERYONE'S GOOD BOOKS

NEW TALK OF PRIVATIZATION

BACK TO NORMAL RELATIONS WITH IMF

ZAFY TAKES THE BIT

EFFORTS TO IMPROVE ECONOMIC JAM

MOI BALKS AT IMF

THE IMF WANTS MORE

AID STILL FROZEN

MIXED RESULTS FOR MUSYOKA AT EC

THE PROBLEM WITH FOREIGN AID...

ECONOMIC DEADLINE

PARLIAMENT ROLE FOR OPPOSITION

A POST-ELECTORAL CHALLENGE

PARASTATALS UNDER IMF MICROSCOPE

IMF AND WORLD BANK STEP IN

NAIROBI WAITING ON IMF GO-AHEAD

HOT DEBATE OVER RATTSO REPORT

WORLD BANK FORECASTS