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Vol 41 No 18

Published 15th September 2000


Heavy commitments

No African government has faced stricter conditions than those approved for Kenya by the International Monetary Fund board in late July, in its Memorandum of Economic and Financial Policies of The Government of Kenya, 2000-2003. The document was wholly drafted by IMF and World Bank consultants in Nairobi, never mind those organisations' recent pieties about ownership and African capacity building. Even the letter requesting funds, addressed on 12 July from Central Bank Governor Micah Cheserem and Chrisanthus Barnabas Okemo to the IMF's Managing Director Horst Köhler, was written by the people from Washington.

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