Nairobi takes aim at regional development money pits to appease IMF

Six regional development authorities that rack up almost $2bn of debt every year with little to show for it are to come under close scrutiny. Nairobi is keen to persuade the International Monetary Fund, which approved a new $938m facility last year, that it's serious about budget cuts. [...]
Published on 26.03.2024 at 04:40 GMT Reading time 2 minutes
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