How the IMF left an indelible mark on this year’s budget

National Treasury and Planning CS Ukur Yattani at the Treasury building on their way to present the 2021/2022 budget to Parliament, Nairobi. June 10, 2021.[Jonah Onyango, Standard] Kenyans are expected to start living with the harsh conditions imposed by the International Monetary Fund (IMF) in the next fiscal year starting …

Read More »

Growing aloe vera wipes pastoralists’ tears of loss

Members of the Nalapatui group in Turkana West, Turkana County, who drew on aloe products to help them support their families away from farming.[Bakari Angela] For years, many pastoralists in remote villages in Turkana West Sub-county have been subjected to abject poverty and starvation due to perpetual drought and banditry …

Read More »

What is the budget for the agricultural sector in Kenya?

Kenya Second budget Under the shadow of COVID-19, the pandemic is economic recovery The Uhuru Kenyatta Legacy Project.. Clearly, during the President’s last fiscal year, the focus is on completing ongoing investments and creating an enabling environment for economic recovery to protect livelihoods. The agricultural sector, which received a slightly …

Read More »

Heavily indebted companies pay the price

With huge daily lows and stock market recoveries alternating with dizzying frequency, it’s difficult to draw reliable conclusions about the market outlook. But some fund managers and fund managers believe the coronavirus pandemic has exposed a long-overlooked market vulnerability: high levels of corporate debt. Encouraged by the Federal Reserve’s promotion …

Read More »

The time has come for a new architecture of international debt

Almost 20 years ago, Anne Krueger, then Deputy Managing Director of the IMF, proposed an institutional mechanism for restructuring sovereign debt – a global bankruptcy regime for over-indebted governments. The controversial initiative was a response to a cascade of financial collapses in emerging economies in Asia, Mexico and Argentina. While …

Read More »

A debt crisis is not imminent

As countries, businesses and households grapple with the economic fallout from the COVID-19 pandemic, many market watchers are sounding the alarm bells about the rapid rise in global debt. And for good reason: in an acceleration of a trend of several years, the debt-to-GDP ratio of these three groups of …

Read More »