WASHINGTON DC , 18th September 2011 The IMF annual meetings kick off this week. It's bound to be an exciting time to see how the IMF is responding to global matters, but most importantly for me, how the IMF is responding to the cyclical challenges of poverty, unemployment, rising commodity prices and a weakening currency for many Africans states. In Kenya, there are different schools of thought regarding the IMF's precense and actions in the country. On one side we have the sceptics: After Kenya’s ‘Golden years’ that’s the first ten years after Kenya’s independence, when the growth was impressive, education enrollement doubled, came the 'lost decade' then a number of Kenyans developed hardlines over what they refer to as the worst social experiments. This happened when the IMF and the world bank proposed the structural Adjustment programmes (SAP'S), which gave priority TO spending areas that critics say locked out key social developement sectors such as ...
Chronicles of a former Business Journalist | Believer of the African Dream | Mother | Lover of Life| Poet