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Vol 39 No 19

Published 25th September 1998


Nyachae and the Fund

Finance Minister Simeon Nyachae and Central Bank Governor Micah Cheserem will be lobbying hard at the 6-8 October annual meeting of the International Monetary Fund and World Bank to get a resumption of the IMF’s stalled US$220 mn. structural adjustment facility. Nyachae’s reputation as a political heavyweight (and possible successor to Daniel arap Moi) and a credible economic reformer is at stake in the negotiations.

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