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Vol 40 No 25

Published 17th December 1999


Going for broke

Civil service chief Leakey's anti-corruption drive could bring in just enough aid to rescue the government

Kenya is almost broke. And the International Monetary Fund, which has been expertly teased with promises of reform by President Daniel arap Moi's government several times before, is thinking about restarting the flow of aid. On 16 December, as we went to press, an IMF board meeting was to consider reopening negotiations (with several provisos) on US$175 million of low-interest credits under its Poverty Reduction and Growth (formerly Structural Adjustment) facility. An IMF deal could trigger a further $250 mn. of credits from the World Bank and bilateral donors.

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