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Micah Cheserem: The novice CBK boss many loved to hate

When then 42-year-old Micah Cheserem took over from Eric Kotut as the Governor of scandal-hit Central Bank of Kenya (CBK) in 1993, there were murmurs. ....

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IMF loan rekindles costly battle with Bretton Woods institutions

IMF loan rekindles costly battle with Bretton Woods institutions
standardmedia.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardmedia.co.ke Daily Mail and Mail on Sunday newspapers.

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IMF loan rekindles costly battle with Bretton Woods institutions

THE STANDARD
By
Frankline Sunday |
April 7th 2021 at 00:00:00 GMT +0300
Following the 1992 General Election, the World Bank and the International Monetary Fund (IMF) turned up pressure on the Kenyan government to introduce structural economic reforms.
This was the post-Cold War era and after the break-up of the Soviet Union, the West stepped up its foreign policy and influence in a bid to maintain strong ally-ship that had saved the world in the Second World War.
The Bretton Woods institutions were dispatched to developing countries in a debt diplomacy drive and by 1992, 27 countries, including Kenya, had signed agreements with the IMF and World Bank on economic policies. ....

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