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Spotlight | Madagascar
RECIPROCAL MISTRUST

By taking his place at the head of the Malagasy delegation which renewed the dialogue with the Bretton Woods institutions in Washington at the beginning of April, the prime minister Francisque Ravony has tied his future to the results of [...]

Published on 28/05/1994 at 10:00 GMT Reading time 4 minutes

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Zimbabwe
WORLD BANK FOLLOWS SUIT

Following the IMF's lead, the World Bank will on September 13 present a third structural adjustment credit line for Zimbabwe [...]

Subscribers only 04.09.1999

Spotlight | Madagascar
ONE STEP FORWARD BUT TWO STEPS BACK

The counsels of firmness that World Bank official Michael Sarris delivered to Madagascar's prime minister Tantely Andrianarivo fell flat (ION 862) and striking workers at the state-owned petroleum products utility Solima managed to hold out against the government, infuriating head [.

Subscribers only Politics 26.06.1999

Zimbabwe
HOW MURERWA REASSURED GONDWE

When the African director of the International Monetary Fund, Goodall Gondwe, met the Zimbabwean minister of finance Herbert Murerwa in [...]

Subscribers only 12.06.1999

Tanzania
IMF DIDN'T SEE THE GAP

When International Monetary Fund (IMF) officials approved an enhanced structural adjustment facility for Tanzania in January, they seriously underestimated that [...]

Subscribers only 08.05.1999

Madagascar
ETERNAL PROBLEM OF FISCAL REVENUE

Madagascar's fiscal revenues were, again at the end of March, well below objectives fixed by the International Monetary Fund and [...]

Subscribers only 24.04.1999

Madagascar
NEW PLANS WITH IMF

The joint World Bank and International Monetary Fund mission which is in Antananarivo from November 7 to 17 is expected [...]

Subscribers only 14.11.1998

Kenya
PRIORITY FOR RURAL HEALTH

Kenya is using financial assistance from its international fund donors to reorient health sector priorities to rural zones. For while [...]

Subscribers only 27.06.1998

Spotlight | Madagascar
WORLD BANK SECRETS

On Madagascar, implementation of the economic reform programme passes by firm spoonfeeding at all stages of local institutions (presidency, prime minister's office, economic ministries, etc) by International Monetary Fund and World Bank representatives. Objective: to neutralize all political interference by [.

Subscribers only 21.02.1998

Madagascar
TAKING A CLOSE LOOK

An International Monetary Fund and World Bank joint delegation visit to Antananarivo (October 15 to November 7) is not expected [...]

Subscribers only 08.11.1997

Spotlight | Ethiopia
SOFTLY, SOFTLY

After having steadfastly refused to open up its telecommunications to the private sector, the Ethiopian government may now have to soften its stand following strong pressure from the World Bank and International Monetary Fund (an IMF delegation is expected in [.

Subscribers only 11.10.1997

Madagascar
ARMAND RALAIDOVY

The cancellation last week of the decree appointing Armand Ralaidovy to be coordinator of the World Bank health project known [...]

Subscribers only 27.09.1997

Comoros islands
PINNED DOWN

At the end of April prime minister Ahmed Abdou dissolved the technical committee responsible for the structural adjustment programme (in [...]

Subscribers only 10.05.1997

Niger
NIGELEC ON THE AUCTION BLOCK

Nigelec has been marked down for IMF-World Bank-type privatization along with the water company SNE and oil storage firm Sonidep. [...]

Subscribers only Energy 19.03.1997

Kenya
IMF evaluation mission

A joint World Bank and International Monetary Fund delegation landed in Nairobi last week on a fifteen-day mission. Led by [...]

Subscribers only 14.12.1996

Uganda
DONORS SEEM FAVOURABLE

A majority of Uganda's international fund donors retain a favourable stance to the Kampala authorities, having noted with satisfaction that [...]

Subscribers only 23.11.1996

South Africa
RAPPROCHEMENT WITH IMF

During the recent World Bank and International Monetary Fund AGMs [...]

Subscribers only 12.10.1996

Ethiopia
MOVING TOWARDS IMF ACCORD

The Ethiopian authorities are believed to be on the point of reaching agreement with the International Monetary Fund for a [...]

Subscribers only 15.06.1996

Mozambique
WHAT'S IN THE PIPELINE

A Portuguese bid to acquire all or part of the shares of the government and/or Lonrho in the Beira-Harare pipeline [...]

Subscribers only Energy 29.05.1996

Mali
TWO IDA LOANS APPROVED

The World Bank has announced approval by the International Development Association (IDA) of a $23 million loan that had been [...]

Subscribers only Energy 15.05.1996

Djibouti
IMF PROGRAMME

In an aide-mémoire of March 28 to the director general of the International Monetary Fund, Michel Camdessus, the governor of [...]

Subscribers only 11.05.1996

Congo
PRIVATIZATION WITH CURBS

The timetable will be honored, as with electricity-generation, but the privatization of Congo's downstream oil sector will leave a government [...]

Subscribers only Energy 01.05.1996

Spotlight | Djibouti
SWING TO AUSTERITY

The visit of French cooperation minister Jacques Godfrain to Djibouti from April 15 to 17 and the simultaneous decision of the International Monetary Fund (IMF) board in Washington on April 15 to grant the Djibouti government a US$6.

Subscribers only 20.04.1996

Spotlight | Mozambique
DR. IMF'S CASTOR-OIL

Mozambique's programme of macro-economic reforms (negotiated with the International Monetary Fund in March for submission to the management committee in May, to get a new three-year enhanced structural adjustment facility) leans heavily on a restrictive fiscal and monetary policy.

Subscribers only 13.04.1996

Madagascar
TWO-MISSION BALANCE SHEET

The 1996 budget was the principal problem raised by officials of the International Monetary Fund and World Bank during their [...]

Subscribers only 23.12.1995

Kenya
THE POINT WITH DONORS

The meeting of the World Bank consultative group on Kenya which was to have been held in Paris at the [...]

Subscribers only 11.11.1995

Madagascar
GOVERNMENT PLANS SELL-OFF

The opening of Madagascar's electricity sector to "private capital" has been underscored in a so-called "outline document for economic policy" [...]

Subscribers only Energy 18.10.1995

Djibouti
IMF QUESTIONS

The International Monetary Fund mission which was in Djibouti from September 20 to October 3 has demanded additional budget economy [...]

Subscribers only 14.10.1995

Madagascar
NEW REFORM TIMETABLE

Madagascar's delegation to the annual meeting of the IMF and World Bank in Washington flew off carrying the government's economic [...]

Subscribers only 14.10.1995

Spotlight | Kenya
ELATION FOLLOWS DEPRESSION

The Kenyan government's cyclothymic relations with its international fund donors have just swung into a new phase of elation. After facing the running fire of political criticism from the donors in Paris on July 20 (ION N° 682), the Nairobi [.

Subscribers only 09.09.1995

Kenya
POLITICAL DIALOGUE UNDER WAY

A first meeting of KANU (government party) representatives and delegates from opposition movements was held discreetly in Kenya last week [...]

Subscribers only 02.09.1995

Ghana
KWESI BOTCHWEY GOES

Kwesi Botchwey may owe his downfall to a drillship. The dismissal of Botchwey, a top-rate finance minister who played a [...]

Subscribers only Energy 03.08.1995

Spotlight | Madagascar
ZAFY AND RAVONY AT ODDS

Marked on June 10 by the largest opposition demonstration seen in Antananarivo since last year, the campaign for the impeachment of the head of state Albert Zafy, which opposition MPs are now threatening to continue inside parliament, has rekindled the [.

Subscribers only 17.06.1995

Djibouti
A WEE STEP WITH THE IMF

Djibouti's council of ministers of April 30 decided to slash 798 million Djibouti francs (FFr.26.6 million) from the state expenditure [...]

Subscribers only 13.05.1995

Spotlight | Cameroon
BOTTOM OF THE BARREL

"There is a lack of openness in the oil sector" and a drop in receipts appears inevitable, confirmed a report entitled "Macro-Economic Survey of Cameroon after the Devaluation" commissioned by the French cooperation ministry. The report resulted from a mission [.

Subscribers only Energy 10.05.1995

Madagascar
RAVONY ROOTS FOR IMF

Prime minister Francisque Ravony has come out again for his preference for dialogue with the International Monetary Fund, which he [...]

Subscribers only 17.04.1995

Spotlight | Madagascar
BID TO REVIVE EXPLORATION

Madagascar intends to open all of its sedimentary zones to oil and gas exploration this year with a revised legislative framework allowing for production sharing accords for the first time instead of the so-called "participation" agreements which prevailed under the [.

Subscribers only Energy 22.03.1995

Congo
END OF THE OIL-STATE

The government last week took a major step towards privatization as championed by the IMF and World Bank when it [...]

Subscribers only Energy 22.03.1995

Spotlight | Mozambique
A STATE OF GRACE - FOR THE MOMENT

Mozambique's delegation at the World Bank's consultative group meeting, held in Paris on March 14 and 15, received the optimistic welcome traditionally reserved for most brand-new governments, at least for their first few months in office.

Subscribers only 18.03.1995

Spotlight | Madagascar
RAVONY BACK TO THE WALL

After having long shuffled its feet over the urgent economic reforms demanded by the international fund donors but without having come up with an alternative plan worthy of the name, Madagascar's government now has its collective back to the wall.

Subscribers only 25.02.1995

Eritrea
INTERNATIONAL AID DETAILED

International fund donors for Eritrea who attended the World Bank's consultative group meeting in Paris in December (ION N° 652) [...]

Subscribers only 04.02.1995

Spotlight | Djibouti
ARAB CARD TO COUNTER IMF

The Djibouti government has officially notified the French government that it does not intend to apply to the International Monetary Fund for assistance despite repeated "advice" from Paris to do so, and has worked out a plan to get round [.

Subscribers only 28.01.1995

Mozambique
AIR FRANCE AND LAM CAN'T AGREE

Air France's decision to scrap its weekly Paris-Maputo flight via Johannesburg at the end of December, following a serious disagreement [...]

Subscribers only 21.01.1995

Spotlight | Madagascar
WARNING FOR THE REVEREND

Breaking with their customary political immobility, head of state Albert Zafy and prime minister Francisque Ravony this week slapped a first warning on national assembly chairman Reverend Richard Andriamanjato by firing his protégé, central bank governor Raoul Ravelomanana, the man [.

Subscribers only 14.01.1995

Spotlight | Tanzania
IMF SHOWS A TOUGH GRIP

Fund donors for Tanzania attending an informal meeting in Paris on December 14 decided to leave it to the International Monetary Fund to decide on releasing international aid to that country. IMF is to despatch a mission to Dar es [.

Subscribers only 17.12.1994

Tanzania
MWINYI TACKLES CORRUPTION HEAD-ON

At virtually the last second, head of state Ali Hassan Mwinyi has requested postponement (until next year) of the World [...]

Subscribers only 19.11.1994

Spotlight | South Africa
ENERGY WEEK

"The government has signed with ENH," declared Mario Marques, managing director of Mozambique's Empresa Nacional de Hidrocarbonetos. However, it was not with ENH but with Enron that Mozambique had signed a memorandum of understanding to develop the Pande gas deposit, [.

Subscribers only Energy 26.10.1994

Sudan
LOAN THAT NEVER WAS

The Paris-based bank Lazard Frères has had some problems with a credit line of US$35 million it tried to arrange [...]

Subscribers only 15.10.1994

Madagascar
NO CREDIT FOR BANK GOVERNOR

Madagascar's recent ministerial reshuffle (ION N° 635) may see the departure of the governor of the Madagascar central bank, Raoul [...]

Subscribers only 03.09.1994

Kenya
NAIROBI SATISFIES IMF

Following his recent mission to Kenya, Hiroyuki Hino, the International Monetary Fund (IMF) delegate responsible for supervising the structural adjustment [...]

Subscribers only 11.06.1994

Africa
PROJECTS OF THE WORLD BANK

Several financing projects to assist countries along the Indian Ocean shoreline have recently been put out for examination by the [...]

Subscribers only 21.05.1994

Gabon
OIL MINISTER WITH A WORLD BANK PROFILE

Paul Toungui has been given the mines-enery and hydraulic resources [...]

Subscribers only Energy 30.03.1994

Spotlight | Ethiopia
OBSTACLES FOR INVESTMENTS MUST GO

Private investment projects and international credit for Ethiopia are not what is lacking. But bringing them to life is quite another matter and runs into numerous obstacles. At the end of 1993, the Investment Office of Ethiopia had listed six [.

Subscribers only 12.03.1994

Spotlight | Djibouti
THE CARROT AND THE STICK

The simultaneous arrival in Djibouti last week of a "high level" French political delegation and a "heavyweight" World Bank and International Monetary Fund mission is an eye-opener on the way that tasks are being distributed in the matter of the [.

Subscribers only 05.02.1994

Mozambique
THE BITTER PILL OF AUSTERITY

Mozambique's government has asked the United Nations special representative in Maputo, Aldo Ajello, to back the government's approach to the [...]

Subscribers only 04.12.1993

Kenya
FINAL DISCUSSIONS WITH IMF

The International Monetary Fund mission which has been in Kenya is due to leave at the end of the week [...]

Subscribers only 30.10.1993

Spotlight | Madagascar
TIMETABLE FOR AN ECONOMIC RELAUNCH

Madagascar's discussions with the World Bank and the International Monetary Fund (IMF) will doubtless be far more delicate than that government likes to admit and it seems extremely unlikely that structural adjustment credits can be released before the second half [.

Subscribers only 23.10.1993

Spotlight | Southern Africa
ESKOM APPEALS TO EC

For nearly 10 years Eskom chief Ian McRay has been championing the idea of an interconnection between Southern Africa's electricity grids and he seized the occasion of a conference staged on Oct. 14-15 by the Brussels Club on the theme [.

Subscribers only Energy 20.10.1993

Cameroon
YAOUNDE IN NEW PUSH

The managing director of Société Nationale des Hydrocarbures (SNH), Adolphe Moudiki, announced a few days ago that the state-owned company [...]

Subscribers only Energy 06.10.1993

Spotlight | Kenya
BRUSHWOOD FIRES WITH DONORS

Although a Consultative Group meeting of the World Bank in Paris is expected on Kenya in the month of November, conditions still seem far from ready for normalising relations between the government in Nairobi and its fund donors.

Subscribers only 11.09.1993

Kenya
BANK CLEAN-UP

The manager of the Central Bank of Kenya (CBK), Eric Cheruiyot Kotut (a Kalenjin) gave his resignation to president Daniel [...]

Subscribers only 31.07.1993

Zimbabwe
TIMOTHY STAMPS

Zimbabwe's health minister Timothy Stamps caused ripples in Harare this week at the World Bank presentation of its annual development [...]

Subscribers only 17.07.1993

Kenya
PRICE CONTROLS TO BE LIFTED

Although oil prices are among the last to be controlled in Kenya the curbs will be lifted at the end [...]

Subscribers only Energy 23.06.1993

Spotlight | South Africa
GATT TALK

The first GATT (General Agreement on Tariffs and Trade) Council meeting on South Africa was held in Geneva at the beginning of June, and the delegates present deplored the instability, complexity and lack of transparency in South Africa's trade policy, [.

Subscribers only 19.06.1993

Spotlight | Madagascar
OPEN BALLOT

The legislative election campaign in Madagascar opened this week just two weeks ahead of the vote due on June 16, the result of which appears to be impossible to predict, mainly because of the large number of candidates (some of [.

Subscribers only 05.06.1993

Kenya
BACK SOON IN EVERYONE'S GOOD BOOKS

The government in Nairobi says it is satisfied with the outcome of the informal donors meeting that took place in [...]

Subscribers only 05.06.1993

Comoros islands
NEW TALK OF PRIVATIZATION

The Comoros government has reiterated its pledge to privatize the distribution of oil products and re-haul the electricity sector. The [...]

Subscribers only Energy 26.05.1993

Spotlight | Kenya
BACK TO NORMAL RELATIONS WITH IMF

Kenya's relations with the International Monetary Fund seem to be well on the way to a return to normal. The IMF's high-level mission that left Nairobi last week, reached an accord with the Kenyan authorities.

Subscribers only 22.05.1993

Zimbabwe
WORLD BANK PROJECTS

Negotiations for a 60 million-dollar credit from the World Bank-affiliate, International Development Association (IDA) for Zimbabwe are due to begin [...]

Subscribers only 15.05.1993

Madagascar
ZAFY TAKES THE BIT

At the first council of ministers on April 16, chaired by the new Malagasy President, Albert Zafy, recalled "the imperative [...]

Subscribers only 24.04.1993

Comoros islands
EFFORTS TO IMPROVE ECONOMIC JAM

Negotiations with missions from the World Bank and the IMF (ION N°569), that have now left the Comoros archipelago, culminated [...]

Subscribers only 10.04.1993

Mali
BHP IN LOULO PROJECT

As development on Mali's biggest gold deposit at Syama presses ahead, BHP Utah intends to join the Loulo project. An [...]

Subscribers only Energy 07.04.1993

Kenya
MOI BALKS AT IMF

After donors refuses to resume quick disbursement aid to Kenya during an informal meeting in London last week (ION N°567), [...]

Subscribers only 27.03.1993

Tanzania
EXPENSIVE SOLUTION TO BADLY MANAGED IMPORT SUPPORT FUND

Over 190 local firms (public and private) could be forced to repay, between now and July, 176.6 billion shillings (542 [...]

Subscribers only 27.03.1993

Tanzania
THE IMF WANTS MORE

A recent article in the IMF bulletin on economic reforms since 1986 in Tanzania, notes that measures related to these [...]

Subscribers only 20.03.1993

Kenya
AID STILL FROZEN

An informal donors meeting on Kenya was held under the aegis of the World Bank in London on March 15, [...]

Subscribers only 20.03.1993

Kenya
MIXED RESULTS FOR MUSYOKA AT EC

The two main requests put by the Kenyan minister for foreign affairs, Steven Musyoka, to the European Commission's Development Commissioner, [...]

Subscribers only 13.03.1993

Tanzania
THE PROBLEM WITH FOREIGN AID...

Tanzania signed aid agreements totalling 1.26 billion dollars with donors that was to be disbursed for use, theoretically, during the [...]

Subscribers only 27.02.1993

South Africa
ECONOMIC STUDIES OUT SOON

The World Bank continues to pass the economic and social future of South Africa with a fine toothed comb. A [...]

Subscribers only 27.02.1993

Spotlight | Madagascar
ECONOMIC DEADLINE

The transition towards a third republic in Madagascar, has kicked off with the electoral victory of Albert Zafy in the presidential may well turn out to be none too smooth from an economic point of view, given that the country's [.

Subscribers only 20.02.1993

Kenya
POST-ELECTORAL GOVERNMENT SHAKE-UP

Kenyan President Daniel arap Moi presented a new government on January 13, the main feature of which is the appointment [...]

Subscribers only 16.01.1993

Nigeria
NLNG'S FINANCIAL WOES

A major rift between the IMF and Nigeria surfaced in early January, shedding an even grimmer light on Nigeria's difficulty [...]

Subscribers only Energy 14.01.1993

Kenya
PARLIAMENT ROLE FOR OPPOSITION

President Daniel arap Moi was sworn in on January 4, 1993 to continue his rule of the country for another [...]

Subscribers only 09.01.1993

Spotlight | Mozambique
THE COSTLY BUSINESS OF PEACE

The Mozambican government has estimated its external financing requirement for 1993 at almost 1.2 billion dollars, including 419 million dollars of rescheduled debt. But to this figure has to be added the cost of three programmes that spin off the [.

Subscribers only 12.12.1992

Spotlight | Kenya
A POST-ELECTORAL CHALLENGE

A year after international donors decided to freeze 350 million dollars of aid to Kenya, some of them no longer believe the present government will be capable of carrying through the economic reforms that include reducing the budget deficit, privatising [.

Subscribers only 21.11.1992

Kenya
PARASTATALS UNDER IMF MICROSCOPE

The International Monetary Fund (IMF) drew up a memo last month on the restructuring of Kenyan state enterprises (parastatals and [...]

Subscribers only 14.11.1992

Spotlight | Uganda
RELATIONS WITH FRANCE FIRM UP

The Ugandan government would like to become the first English-speaking African country to obtain credits from the French ministry of Cooperation, whose current policy is to lend to French-speaking and Portuguese-speaking countries only. Such an innovative move would constitute a [.

Subscribers only 07.11.1992

Comoros islands
IMF AND WORLD BANK STEP IN

Two parallel missions, one from the International Monetary Fund and the other from the World Bank arrived in the Comoros [...]

Subscribers only 31.10.1992

Kenya
NAIROBI WAITING ON IMF GO-AHEAD

A mission from the International Monetary Fund (IMF) led by Peter Heller and F. Bornemen recently visited the Kenyan capital, [...]

Subscribers only 19.09.1992

Tanzania
HOT DEBATE OVER RATTSO REPORT

An official report commissioned by the Norwegian minister of foreign affairs from university professor Bjorn Rattso strongly criticises the economic [...]

Subscribers only 29.08.1992

Cameroon
SONEL SEMI-PUBLIC?

Experts from the World Bank who recently toured Cameroon believe the best option for Cameroon's Société Nationale d'Electricité (SONEL) would [...]

Subscribers only Energy 23.07.1992

Madagascar
WORLD BANK FORECASTS

In preparation for an accord being signed with the government in Antananarivo, the World Bank has outlined a forecast of [...]

Subscribers only 18.07.1992

Spotlight | Madagascar, Mozambique
INDIAN OCEAN: THE HIGH PRICE OF SKILLS

One of the consequences of increased World Bank and International Monetary Fund (IMF) activity in recent years has been the development of consultancy and technical assistance to their beneficiaries. Structural adjustment policies require more complex handling and entail more intricate [.

Subscribers only 18.07.1992

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Ibrahim Traoré

Virtus Minerals

Paul Kagame

Savannah Energy

Denis Sassou-Nguesso

Spotlight | Madagascar RECIPROCAL MISTRUST

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Zimbabwe WORLD BANK FOLLOWS SUIT

Spotlight | Madagascar ONE STEP FORWARD BUT TWO STEPS BACK

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WORLD BANK FOLLOWS SUIT

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Tanzania
IMF DIDN'T SEE THE GAP

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NEW PLANS WITH IMF

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PRIORITY FOR RURAL HEALTH

Spotlight | Madagascar
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NAIROBI SATISFIES IMF

Africa
PROJECTS OF THE WORLD BANK

Gabon
OIL MINISTER WITH A WORLD BANK PROFILE

Spotlight | Ethiopia
OBSTACLES FOR INVESTMENTS MUST GO

Spotlight | Djibouti
THE CARROT AND THE STICK

Mozambique
THE BITTER PILL OF AUSTERITY

Kenya
FINAL DISCUSSIONS WITH IMF

Spotlight | Madagascar
TIMETABLE FOR AN ECONOMIC RELAUNCH

Spotlight | Southern Africa
ESKOM APPEALS TO EC

Cameroon
YAOUNDE IN NEW PUSH

Spotlight | Kenya
BRUSHWOOD FIRES WITH DONORS

Kenya
BANK CLEAN-UP

Zimbabwe
TIMOTHY STAMPS

Kenya
PRICE CONTROLS TO BE LIFTED

Spotlight | South Africa
GATT TALK

Spotlight | Madagascar
OPEN BALLOT

Kenya
BACK SOON IN EVERYONE'S GOOD BOOKS

Comoros islands
NEW TALK OF PRIVATIZATION

Spotlight | Kenya
BACK TO NORMAL RELATIONS WITH IMF

Zimbabwe
WORLD BANK PROJECTS

Madagascar
ZAFY TAKES THE BIT

Comoros islands
EFFORTS TO IMPROVE ECONOMIC JAM

Mali
BHP IN LOULO PROJECT

Kenya
MOI BALKS AT IMF

Tanzania
EXPENSIVE SOLUTION TO BADLY MANAGED IMPORT SUPPORT FUND

Tanzania
THE IMF WANTS MORE

Kenya
AID STILL FROZEN

Kenya
MIXED RESULTS FOR MUSYOKA AT EC

Tanzania
THE PROBLEM WITH FOREIGN AID...

South Africa
ECONOMIC STUDIES OUT SOON

Spotlight | Madagascar
ECONOMIC DEADLINE