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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 [...] (971 words)

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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

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

KENYA 27/06/1998

PRIORITY FOR RURAL HEALTH

Kenya is using financial assistance from its international fund donors to reorient health sector priorities to rural zones. For while

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

MADAGASCAR 27/09/1997

ARMAND RALAIDOVY

The cancellation last week of the decree appointing Armand Ralaidovy to be coordinator of the World Bank health project known

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.

KENYA 14/12/1996

IMF evaluation mission

A joint World Bank and International Monetary Fund delegation landed in Nairobi last week on a fifteen-day mission. Led by

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

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

KENYA 02/09/1995

POLITICAL DIALOGUE UNDER WAY

A first meeting of KANU (government party) representatives and delegates from opposition movements was held discreetly in Kenya last week

GHANA Energy 03/08/1995

KWESI BOTCHWEY GOES

Kwesi Botchwey may owe his downfall to a drillship. The dismissal of Botchwey, a top-rate finance minister who played a

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

DJIBOUTI 13/05/1995

A WEE STEP WITH THE IMF

Djibouti's council of ministers of April 30 decided to slash 798 million Djibouti francs (FFr.26.6 million) from the state expenditure

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

MOZAMBIQUE 18/03/1995

A STATE OF GRACE - FOR THE MOMENT

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.

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

DJIBOUTI 28/01/1995

ARAB CARD TO COUNTER IMF

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

MOZAMBIQUE 21/01/1995

AIR FRANCE AND LAM CAN'T AGREE

Air France's decision to scrap its weekly Paris-Maputo flight via Johannesburg at the end of December, following a serious disagreement

Spotlight

MADAGASCAR 14/01/1995

WARNING FOR THE REVEREND

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

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

TANZANIA 19/11/1994

MWINYI TACKLES CORRUPTION HEAD-ON

At virtually the last second, head of state Ali Hassan Mwinyi has requested postponement (until next year) of the World

Spotlight

SOUTH AFRICA Energy 26/10/1994

ENERGY WEEK

"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,

SUDAN 15/10/1994

LOAN THAT NEVER WAS

The Paris-based bank Lazard Frères has had some problems with a credit line of US$35 million it tried to arrange

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

AFRICA 21/05/1994

PROJECTS OF THE WORLD BANK

Several financing projects to assist countries along the Indian Ocean shoreline have recently been put out for examination by the

GABON Energy 30/03/1994

OIL MINISTER WITH A WORLD BANK PROFILE

Paul Toungui has been given the mines-enery and hydraulic resources

Spotlight

ETHIOPIA 12/03/1994

OBSTACLES FOR INVESTMENTS MUST GO

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

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

SOUTHERN AFRICA Energy 20/10/1993

ESKOM APPEALS TO EC

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

CAMEROON Energy 06/10/1993

YAOUNDE IN NEW PUSH

The managing director of Société Nationale des Hydrocarbures (SNH), Adolphe Moudiki, announced a few days ago that the state-owned company

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 31/07/1993

BANK CLEAN-UP

The manager of the Central Bank of Kenya (CBK), Eric Cheruiyot Kotut (a Kalenjin) gave his resignation to president Daniel

ZIMBABWE 17/07/1993

TIMOTHY STAMPS

Zimbabwe's health minister Timothy Stamps caused ripples in Harare this week at the World Bank presentation of its annual development

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,

Spotlight

MADAGASCAR 05/06/1993

OPEN BALLOT

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

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.

ZIMBABWE 15/05/1993

WORLD BANK PROJECTS

Negotiations for a 60 million-dollar credit from the World Bank-affiliate, International Development Association (IDA) for Zimbabwe are due to begin

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

MALI Energy 07/04/1993

BHP IN LOULO PROJECT

As development on Mali's biggest gold deposit at Syama presses ahead, BHP Utah intends to join the Loulo project. An

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 27/03/1993

EXPENSIVE SOLUTION TO BADLY MANAGED IMPORT SUPPORT FUND

Over 190 local firms (public and private) could be forced to repay, between now and July, 176.6 billion shillings (542

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

SOUTH AFRICA 27/02/1993

ECONOMIC STUDIES OUT SOON

The World Bank continues to pass the economic and social future of South Africa with a fine toothed comb. A

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 16/01/1993

POST-ELECTORAL GOVERNMENT SHAKE-UP

Kenyan President Daniel arap Moi presented a new government on January 13, the main feature of which is the appointment

NIGERIA Energy 14/01/1993

NLNG'S FINANCIAL WOES

A major rift between the IMF and Nigeria surfaced in early January, shedding an even grimmer light on Nigeria's difficulty

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

MOZAMBIQUE 12/12/1992

THE COSTLY BUSINESS OF PEACE

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

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

Spotlight

UGANDA 07/11/1992

RELATIONS WITH FRANCE FIRM UP

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

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

CAMEROON Energy 23/07/1992

SONEL SEMI-PUBLIC?

Experts from the World Bank who recently toured Cameroon believe the best option for Cameroon's Société Nationale d'Electricité (SONEL) would

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

MADAGASCAR 27/06/1992

Facing courts and shareholders, Monaco Resources Group living on borrowed time - and money

Algerian secret services in survival mode in North Mali

William Ruto's new order

Africa in the Russia-Ukraine war

The Sahel threatened by a jihadist tornado

RECIPROCAL MISTRUST

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WORLD BANK FOLLOWS SUIT

ONE STEP FORWARD BUT TWO STEPS BACK

HOW MURERWA REASSURED GONDWE

IMF DIDN'T SEE THE GAP

ETERNAL PROBLEM OF FISCAL REVENUE

NEW PLANS WITH IMF

PRIORITY FOR RURAL HEALTH

WORLD BANK SECRETS

TAKING A CLOSE LOOK

SOFTLY, SOFTLY

ARMAND RALAIDOVY

PINNED DOWN

NIGELEC ON THE AUCTION BLOCK

IMF evaluation mission

DONORS SEEM FAVOURABLE

RAPPROCHEMENT WITH IMF

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

POLITICAL DIALOGUE UNDER WAY

KWESI BOTCHWEY GOES

ZAFY AND RAVONY AT ODDS

A WEE STEP WITH THE IMF

BOTTOM OF THE BARREL

RAVONY ROOTS FOR IMF

BID TO REVIVE EXPLORATION

END OF THE OIL-STATE

A STATE OF GRACE - FOR THE MOMENT

RAVONY BACK TO THE WALL

INTERNATIONAL AID DETAILED

ARAB CARD TO COUNTER IMF

AIR FRANCE AND LAM CAN'T AGREE

WARNING FOR THE REVEREND

IMF SHOWS A TOUGH GRIP

MWINYI TACKLES CORRUPTION HEAD-ON

ENERGY WEEK

LOAN THAT NEVER WAS

NO CREDIT FOR BANK GOVERNOR

NAIROBI SATISFIES IMF

PROJECTS OF THE WORLD BANK

OIL MINISTER WITH A WORLD BANK PROFILE

OBSTACLES FOR INVESTMENTS MUST GO

THE CARROT AND THE STICK

THE BITTER PILL OF AUSTERITY

FINAL DISCUSSIONS WITH IMF

TIMETABLE FOR AN ECONOMIC RELAUNCH

ESKOM APPEALS TO EC

YAOUNDE IN NEW PUSH

BRUSHWOOD FIRES WITH DONORS

BANK CLEAN-UP

TIMOTHY STAMPS

PRICE CONTROLS TO BE LIFTED

GATT TALK

OPEN BALLOT

BACK SOON IN EVERYONE'S GOOD BOOKS

NEW TALK OF PRIVATIZATION

BACK TO NORMAL RELATIONS WITH IMF

WORLD BANK PROJECTS

ZAFY TAKES THE BIT

EFFORTS TO IMPROVE ECONOMIC JAM