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IMF loan rekindles costly battle with Bretton Woods institutions

THE STANDARD By Frankline Sunday | April 7th 2021 at 00:00:00 GMT +0300 Following the 1992 General Election, the World Bank and the International Monetary Fund (IMF) turned up pressure on the Kenyan government to introduce structural economic reforms. This was the post-Cold War era and after the break-up of the Soviet Union, the West stepped up its foreign policy and influence in a bid to maintain strong ally-ship that had saved the world in the Second World War.  The Bretton Woods institutions were dispatched to developing countries in a debt diplomacy drive and by 1992, 27 countries, including Kenya, had signed agreements with the IMF and World Bank on economic policies.

NSE seeks sale of State stake in Safaricom, KPA

NSE seeks sale of State stake in Safaricom, KPA Summary Nairobi bourse reckons that Kenya can cut reliance on debt to fund projects in the short term through fresh listings of cash-rich state firms like Kenya Pipeline Company (KPC), Kenya Ports Authority (KPA) and Kenya Airports Authority (KAA). The mounting public debt has seen Kenya commit more than half of taxes or Sh1 trillion annually to paying loans, leaving little cash for building roads, affordable housing and revamping of the ailing health sector. Wednesday April 07 2021 Summary Nairobi bourse reckons that Kenya can cut reliance on debt to fund projects in the short term through fresh listings of cash-rich state firms like Kenya Pipeline Company (KPC), Kenya Ports Authority (KPA) and Kenya Airports Authority (KAA).

World s Best Investment Banks 2021: Best Crisis Finance Solutions

World s Best Investment Banks 2021: Best Crisis Finance Solutions
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