Libya Opens its Books – a Little – to IMF
Libya's return to the international community also passes by way the International Monetary Fund.
Libya's return to the international community also passes by way the International Monetary Fund.
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 [.
In denouncing the secretive practices of the oil industry in its report "A Crude Awakening" (AEM 265), Global Witness has undoubtedly put paid to the impression created by its previous report on diamonds that it was banging away exclusively at [.
The Kenyan government is moving heaven and earth with its fund donors to find a way to finance its budget [...]
Another mandate for presidential-candidate Joaquim Chissano, whose re-election in the face of competition from rival runner Afonso Dhlakama seemed assured as the December 3-4 presidential election approached, will be sharply influenced by the equilibrium between his FRELIMO (governmental) party and [.
The Chad government signed a preliminary accord with Vivendi to take over management of the Societe Tchadienne d'Electricitre et d'Eau [...]
The World Bank partnership group is currently putting the finishing touches to the Public Expenditure Review of Ethiopia which details [...]
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 Zimbabwe government and the Zimbabwe Electricity Supply Authority (ZESA) have just submitted a draft of a new System Development [...]
With the pipeline project between Doba and Kribi coming up before the board in mid-October (AEM 258) the World Bank [...]
Following the IMF's lead, the World Bank will on September 13 present a third structural adjustment credit line for Zimbabwe [...]
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 [.
An obstacle to the funding of the Chad-Cameroon pipeline in the form of a U.S. bill named "Demilitarization for Development [...]
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 [...]
Chad president Idriss Deby flew to Washington on May 24 to voice his concern over delays in the Doba-Kribi pipeline project to World Bank president James Wolfensohn. Cautious, Wolfenson met earlier in the morning with representatives from three environmental organizations, [.
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 [...]
President-elect Olusegun Obasanjo claimed there was no reason for rushing to privatize state-owned companies when he with met business leaders [...]
Of the three regional gas or gas-electricity projects that could be completed by the end of the decade in sub-Saharan Africa the West African Gas Pipeline (WAPG) based on reserves in Nigeria, where 2 billion cu.
The IMF committee that is following up application of the [...]
The joint World Bank and International Monetary Fund mission which is in Antananarivo from November 7 to 17 is expected [...]
The World Bank affiliate International Development Association will shortly approve [...]
Ten companies will submit bids when an invitation to tender is issued next week for the privatization of the state-owned [...]
The French government financial mission which went to Djibouti at the end of September, soon after the visit of delegation [...]
No fundamental problem appears to stand in the way of an agreement between Cameroon and the World Bank on the Chad-Kribi oil pipeline and the need to protect the environment and foster economic and social development, according to Patrice Mandengabassa, [.
The second phase of the Oso development project centered on the production of NGL has been commissioned. Output began at [...]
The financial package for the Songo Songo project will be put together completely at the end of 1998, AEM learned [...]
On the eve of the International Monetary Fund mission in Zimbabwe this week, the IMF resident representative in Harare, Roberto [...]
The privatization programme for Madagascar's public-sector enterprises has just been updated by the World Bank with a new timetable dated [...]
Kenya is using financial assistance from its international fund donors to reorient health sector priorities to rural zones. For while [...]
A "summit of the seven poorest countries" organized by the Greens on June 12 in the European Parliament's building in [...]
If Bill Richardson is mostly known for his peacemaking skills as U.S. ambassador to the United Nations – he exercised them with talent in Bosnia and in more controversial fashion in the Congo-Kinshasa imbroglio – his appointment on June 18 [.
The International Monetary Fund mission led by Jerry Johnson (a deputy manager on the Africa Desk) which went to Dar [...]
Hydro Quebec has just confirmed in Dakar that it is in the running to become Senelec's strategic partner following the [...]
The Chad-Cameroon oi development and pipeline project that are awaiting the green light for IDA loans - the total was [...]
The consultant Price Waterhouse who prepared the privatization programme of Solima (petroleum products) according to a cession formula known as [...]
The World Bank mission which went to Antananarivo last month is insisting that the government must privatize the state-owned banks [...]
The Exxon group which operates in Chad's oil project and in the TOTCO and COTCO companies that will operate the [...]
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 [.
Work on the pipeline that is to link the Doba oil basin in southern Chad to the future terminal at [...]
The impact from the slump in crude oil prices will [...]
The timetable for Niger's structural adjustment program approved by the IMF calls for initiatives to identify "high potential areas" for [...]
More than ever, the Ghadames basin has provided the engine for the rise in Algeria's oil production. Exploration on the [...]
Road repairs around Kinshasa and humanitarian missions were all that Laurent Kabila's government won from the "Friends of the Congo" conference organized under the auspices of the World Bank on Dec. 3-4 in Brussels. The "stabilization and recovery" plan prepared [.
An International Monetary Fund and World Bank joint delegation visit to Antananarivo (October 15 to November 7) is not expected [...]
Glencore, a large Swiss-based petroleum trader, recently approached a Paris bank to propose a financial package for Madagascar. The deal [...]
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 [...]
A project to build a terminal for LPG imports has moved ahead with an agreement signed by the Kenya Pipeline [...]
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. [...]
An Ethiopian company has kicked off a project to extract and process up to 65,000 tons of liquid petroleum products [...]
Ethiopia's energy and mines ministry signed two contracts for studies last month with BEICIP-Franlab, the consultancy and international engineering unit [...]
Forty four projects had been accepted by the end of 1996 or were at an advanced stage in the French Global Environment Fund's (FFEM) pipeline. The projects slated to receive grants from the Fund organized by the Caisse Francaise de [.
The liberalization of Tanzania's oil industry, which has long been [...]
Ocelot Energy won two licences to be operated on a production sharing basis in Gabon following negotiations that were already [...]
A project to establish a free trade zone in Agulhas [...]
As Equatorial Guinea is a small country with rich oil prospects several big groups are scrambling to install the first [...]
A joint World Bank and International Monetary Fund delegation landed in Nairobi last week on a fifteen-day mission. Led by [...]
During the meeting of the World Bank consultative group on Uganda, held in Paris on November 21 and 22, Uganda [...]
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 government has completed the privatization of British Petroleum Zambia [...]
Nigeria has managed to fend off the threat of oil or other sanctions with for a selective release of jailed [...]
The International Development Association, an affiliate of the World Bank, has begun work on three projects for loans to Ethiopia, [...]
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 approaching World Bank consultative group on Mozambique has relaunched the debate on cleaning up Mozambique's state-owned companies. International fund donors are expected to use the Paris meeting (April 17 and 18) to jog the Maputo authorities over their failure [.
A meeting of the consultative group of donors for Kenya held in Paris under the auspices of the World Bank [...]
Energy and mines minister William Shija told staff at TIPER [...]
Work is shortly to begin on the liquefaction plant that Nigeria Liquefied Natural Gas Ltd. (NLNG) is to build at [...]
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 [...]
After four years of studies and negotiations, an agreement to proceed with the Songo Songo gas and electricity project was [...]
The opening of Madagascar's electricity sector to "private capital" has been underscored in a so-called "outline document for economic policy" [...]
Madagascar's delegation to the annual meeting of the IMF and World Bank in Washington flew off carrying the government's economic [...]
The International Monetary Fund mission which was in Djibouti from September 20 to October 3 has demanded additional budget economy [...]
An agreement to build a regional gas pipeline tying Benin, Togo and Ghana into the fields in Nigeria's Escravos basin [...]
AEM understands that the World Bank is counting on Congo's privatization process being completed by next June at latest. The [...]
The Kenyan government and the Kenya Power & Lighting Corporation (KPLC) unveiled their energy projects, loan requirements and the reforms they've already undertaken during a conference with donors on Sept. 11-12 in Paris. But no fresh funds were offered and [.
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 [...]
Morocco's Office National de l'Electricité chose the occasion of Jacques Chirac's lighting visit to Morocco on July 19 during an [...]
Total has no intention of watching a major shakeup in the South African oil market from the sidelines if the [...]
Elusive rumors that Saudi Arabian interests might be involved in a solution to the Arakis project were confirmed at last [...]
Only if cif prices rise will Sonatrach be able to develop its gas fields sufficiently to overshoot its initial export [...]
Daniel Valot has been named managing director of Total's Exploration-Production [...]
Having hung around too long for Arakis to raise the $300 million needed its the Heglig-Port Sudan oil line project, Sudan signed an agreement in April with the Russian oil company Yukos and an engineering firm to build the facility [.