Sources reveal that Kenya requests IMF to reassess corruption concerns following Western pressure.
In a move egged on by Western allies, Kenya’s leadership has nudged the International Monetary Fund to dive deep into examining its murky corridors of power riddled with graft, as revealed by a couple of folks in the know to Reuters.
This kind of probe, tagged officially as a “governance diagnostic,” can only kick off with the asking of the respective country. It’s the IMF’s way of sniffing out how corruption and shaky governance might be sapping a nation’s coffers dry or wreaking havoc on the financial commonwealth.
“In our ongoing dialogue, we’ve gently prodded Kenyan authorities before, and we’re still at it—urging for a governance once-over,” asserted IMF’s Julie Kozack during her obligatory chitchat with the press in D.C.
“Solid governance is the bedrock of IMF’s dealings with Kenya,” she elaborated with determination.
Kenya’s economic tapestry is fraying, as the scales of debt tip ominously in recent times. The nation also backpedaled on planned tax ventures after nerve-wracking protests—not exactly the helping hand they needed to seal a $600 million pact with the IMF.
A confidant in the know mentioned this scrutiny isn’t straight-up tied to the IMF windfall, yet it could act as a friendly handshake towards steering their financial doings right.
June’s uproar was largely fueled by the perceived frivolous spending and thievery within the halls of Kenyan power.
A speedy comeback wasn’t in the cards when Kenya’s finance office was asked to weigh in on these happenings.
On Tuesday, word got out through Reuters that the Western crowd was rooting for this IMF deep dive.
Story crafted by Aaron Ross, with additional threads courtesy of Rodrigo Campos; Tailor-edited by Duncan Miriri, a dash of polish from Libby George and Andrea Ricci.
Edited by: Ali Musa
Axadle international–Monitoring
