KENYA • STILL A GOOD CHANCE OF GOING BANKRUPT - 24/12/1999

Kenya
IMF TALKS RESUME

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

Subscribers only 08.01.2000

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 [...]

Subscribers only 18.12.1999

Kenya
NO IMF AID THIS FISCAL YEAR

It is not very likely that the release of an [...]

Subscribers only 27.11.1999

Spotlight | Kenya
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.

Subscribers only Politics 09.10.1999

Ethiopia
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 [...]

Subscribers only 09.10.1999

Spotlight | Kenya
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 [.

Subscribers only Politics 04.09.1999

Zimbabwe
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 [...]

Subscribers only 04.09.1999

Spotlight | Madagascar
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 [.

Subscribers only Politics 26.06.1999

Djibouti
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 [...]

Subscribers only 19.06.1999

Zimbabwe
HOW MURERWA REASSURED GONDWE

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

Subscribers only 12.06.1999

Tanzania
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 [...]

Subscribers only 08.05.1999

Madagascar
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 [...]

Subscribers only 24.04.1999

Madagascar
NEW PLANS WITH IMF

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

Subscribers only 14.11.1998

Spotlight | Madagascar
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 [.

Subscribers only 21.02.1998

Madagascar
TAKING A CLOSE LOOK

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

Subscribers only 08.11.1997

Spotlight | Ethiopia
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 [.

Subscribers only 11.10.1997

Comoros islands
PINNED DOWN

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

Subscribers only 10.05.1997

Niger
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. [...]

Subscribers only Energy 19.03.1997

Uganda
DONORS SEEM FAVOURABLE

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

Subscribers only 23.11.1996

South Africa
RAPPROCHEMENT WITH IMF

During the recent World Bank and International Monetary Fund AGMs [...]

Subscribers only 12.10.1996

Nigeria
PRIVATIZATION FOR OIL INDUSTRY?

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

Subscribers only Energy 09.10.1996

Ethiopia
MOVING TOWARDS IMF ACCORD

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

Subscribers only 15.06.1996

Mozambique
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 [...]

Subscribers only Energy 29.05.1996

Mali
TWO IDA LOANS APPROVED

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

Subscribers only Energy 15.05.1996

Djibouti
IMF PROGRAMME

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

Subscribers only 11.05.1996

Congo
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 [...]

Subscribers only Energy 01.05.1996

Spotlight | Djibouti
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.

Subscribers only 20.04.1996

Spotlight | Mozambique
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.

Subscribers only 13.04.1996

Madagascar
TWO-MISSION BALANCE SHEET

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

Subscribers only 23.12.1995

Kenya
THE POINT WITH DONORS

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

Subscribers only 11.11.1995

Madagascar
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" [...]

Subscribers only Energy 18.10.1995

Djibouti
IMF QUESTIONS

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

Subscribers only 14.10.1995

Madagascar
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 [...]

Subscribers only 14.10.1995

Spotlight | Kenya
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 [.

Subscribers only 09.09.1995

Spotlight | Madagascar
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 [.

Subscribers only 17.06.1995

Spotlight | Cameroon
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 [.

Subscribers only Energy 10.05.1995

Madagascar
RAVONY ROOTS FOR IMF

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

Subscribers only 17.04.1995

Spotlight | Madagascar
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 [.

Subscribers only Energy 22.03.1995

Congo
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 [...]

Subscribers only Energy 22.03.1995

Spotlight | Madagascar
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.

Subscribers only 25.02.1995

Eritrea
INTERNATIONAL AID DETAILED

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

Subscribers only 04.02.1995

Spotlight | Tanzania
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 [.

Subscribers only 17.12.1994

Madagascar
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 [...]

Subscribers only 03.09.1994

Kenya
NAIROBI SATISFIES IMF

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

Subscribers only 11.06.1994

Spotlight | Madagascar
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 [.

Subscribers only 28.05.1994

Spotlight | Djibouti
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 [.

Subscribers only 05.02.1994

Mozambique
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 [...]

Subscribers only 04.12.1993

Kenya
FINAL DISCUSSIONS WITH IMF

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

Subscribers only 30.10.1993

Spotlight | Madagascar
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 [.

Subscribers only 23.10.1993

Spotlight | Kenya
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.

Subscribers only 11.09.1993

Kenya
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 [...]

Subscribers only Energy 23.06.1993

Spotlight | South Africa
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, [.

Subscribers only 19.06.1993

Kenya
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 [...]

Subscribers only 05.06.1993

Comoros islands
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 [...]

Subscribers only Energy 26.05.1993

Spotlight | Kenya
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.

Subscribers only 22.05.1993

Madagascar
ZAFY TAKES THE BIT

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

Subscribers only 24.04.1993

Comoros islands
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 [...]

Subscribers only 10.04.1993

Kenya
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), [...]

Subscribers only 27.03.1993

Tanzania
THE IMF WANTS MORE

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

Subscribers only 20.03.1993

Kenya
AID STILL FROZEN

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

Subscribers only 20.03.1993

Kenya
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, [...]

Subscribers only 13.03.1993

Tanzania
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 [...]

Subscribers only 27.02.1993

Spotlight | Madagascar
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 [.

Subscribers only 20.02.1993

Kenya
PARLIAMENT ROLE FOR OPPOSITION

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

Subscribers only 09.01.1993

Spotlight | Kenya
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 [.

Subscribers only 21.11.1992

Kenya
PARASTATALS UNDER IMF MICROSCOPE

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

Subscribers only 14.11.1992

Comoros islands
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 [...]

Subscribers only 31.10.1992

Kenya
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, [...]

Subscribers only 19.09.1992

Tanzania
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 [...]

Subscribers only 29.08.1992

Madagascar
WORLD BANK FORECASTS

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

Subscribers only 18.07.1992

Spotlight | Madagascar, Mozambique
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 [.

Subscribers only 18.07.1992

Comoros islands
MOHAMED TAKI SPEAKS OUT

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

Subscribers only 11.04.1992

Madagascar
IMF RECOMMENDATIONS

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

Subscribers only 01.02.1992

Ibrahim Traoré

Virtus Minerals

Paul Kagame

Savannah Energy

Denis Sassou-Nguesso

Spotlight | Kenya 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 [.

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Kenya IMF TALKS RESUME

Kenya HAIR'S BREADTH FROM CASH CRISIS

Kenya NO IMF AID THIS FISCAL YEAR

Spotlight | Kenya LEAKEY ON A TIGHTROPE

Ethiopia BORDER-BUST COST IS HIGH

Spotlight | Kenya BARELY A THREE-MONTH HONEYMOON

Zimbabwe WORLD BANK FOLLOWS SUIT

Spotlight | Madagascar ONE STEP FORWARD BUT TWO STEPS BACK

Djibouti LAST PREPARATIONS FOR AN IMF CREDIT

Zimbabwe HOW MURERWA REASSURED GONDWE

Tanzania IMF DIDN'T SEE THE GAP

Madagascar ETERNAL PROBLEM OF FISCAL REVENUE

Madagascar NEW PLANS WITH IMF

Spotlight | Madagascar WORLD BANK SECRETS

Madagascar TAKING A CLOSE LOOK

Spotlight | Ethiopia SOFTLY, SOFTLY

Comoros islands PINNED DOWN

Niger NIGELEC ON THE AUCTION BLOCK

Uganda DONORS SEEM FAVOURABLE

South Africa RAPPROCHEMENT WITH IMF

Nigeria PRIVATIZATION FOR OIL INDUSTRY?

Ethiopia MOVING TOWARDS IMF ACCORD

Mozambique WHAT'S IN THE PIPELINE

Mali TWO IDA LOANS APPROVED

Djibouti IMF PROGRAMME

Congo PRIVATIZATION WITH CURBS

Spotlight | Djibouti SWING TO AUSTERITY

Spotlight | Mozambique DR. IMF'S CASTOR-OIL

Madagascar TWO-MISSION BALANCE SHEET

Kenya THE POINT WITH DONORS

Madagascar GOVERNMENT PLANS SELL-OFF

Djibouti IMF QUESTIONS

Madagascar NEW REFORM TIMETABLE

Spotlight | Kenya ELATION FOLLOWS DEPRESSION

Spotlight | Madagascar ZAFY AND RAVONY AT ODDS

Spotlight | Cameroon BOTTOM OF THE BARREL

Madagascar RAVONY ROOTS FOR IMF

Spotlight | Madagascar BID TO REVIVE EXPLORATION

Congo END OF THE OIL-STATE

Spotlight | Madagascar RAVONY BACK TO THE WALL

Eritrea INTERNATIONAL AID DETAILED

Spotlight | Tanzania IMF SHOWS A TOUGH GRIP

Madagascar NO CREDIT FOR BANK GOVERNOR

Kenya NAIROBI SATISFIES IMF

Spotlight | Madagascar RECIPROCAL MISTRUST

Spotlight | Djibouti THE CARROT AND THE STICK

Mozambique THE BITTER PILL OF AUSTERITY

Kenya FINAL DISCUSSIONS WITH IMF

Spotlight | Madagascar TIMETABLE FOR AN ECONOMIC RELAUNCH

Spotlight | Kenya BRUSHWOOD FIRES WITH DONORS

Kenya PRICE CONTROLS TO BE LIFTED

Spotlight | South Africa GATT TALK

Kenya BACK SOON IN EVERYONE'S GOOD BOOKS

Comoros islands NEW TALK OF PRIVATIZATION

Spotlight | Kenya BACK TO NORMAL RELATIONS WITH IMF

Madagascar ZAFY TAKES THE BIT

Comoros islands EFFORTS TO IMPROVE ECONOMIC JAM

Kenya MOI BALKS AT IMF

Tanzania THE IMF WANTS MORE

Kenya AID STILL FROZEN

Kenya MIXED RESULTS FOR MUSYOKA AT EC

Tanzania THE PROBLEM WITH FOREIGN AID...

Spotlight | Madagascar ECONOMIC DEADLINE

Kenya PARLIAMENT ROLE FOR OPPOSITION

Spotlight | Kenya A POST-ELECTORAL CHALLENGE

Kenya PARASTATALS UNDER IMF MICROSCOPE

Comoros islands IMF AND WORLD BANK STEP IN

Spotlight | Kenya
STILL A GOOD CHANCE OF GOING BANKRUPT