Kenya has always seemed one of the success stories of transistion from colonial treasure to political independence. But, like most other African nations, corruption isn't simply common but a way of life. So it's good to see that the IMF has cleared the fairly new Kenyan president's reforms as successful enough to bring in another wave of international funding. Just so long as the wave doesn't swamp Kibaki's successes:
http://news.bbc.co.uk/1/hi/world/africa/3228806.stm
excerpt:
Quote:
The International Monetary Fund has resumed aid to Kenya after a three-year gap and approved a loan of $250m.
Assistance had been frozen because of concerns over corruption and due to the country's poor economic record.
President Mwai Kibaki says he hopes donors will follow the IMF's lead and resume financial support.
Aid has increased since Mr Kibaki became president last December and started tackling corruption.
"The government has put in place adequate measures to ensure proper use and management of donor funds," a statement from the president's office said.
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22nd November 2003, 08:03 PM
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