The East African Standard (Nairobi)
August 1, 2002

There are three outstanding conditions set by the Bretton Woods institutions which the Government is yet to fulfil for the resumption of aid , Finance Assistant Minister David Kirui said.

Kirui said the pending conditions are the Judicial Service Commission code of conduct, civil service reforms and privatisation of key parastatals, among them Telkom, Kenya Railways and Kenya Ports Authority. Kirui, who was answering a question from Kangema MP John Michuki (Ford P), said the Government is committed to IMF/World Bank reforms. “The Government is totally committed to the reform process and continues to enjoy cordial relations with the two institutions,” he said.

He blamed the delay on Parliament and the Attorney General’s chambers. He said the country has a total of 13 credits with a budget of US$ 711 million supported by World Bank. IMF approved a three year poverty Reduction and Growth Facility programme for US$ 198 million in August 2000. He also released the paid up share capital of World Bank (US$ 157.09 billion), IMF (US$ 285.66 billion), International Development Association (IDA) US$ 12.9 billion and International Finance Corporation (IFC)(US$ 2.45 billion).

He said Kenya’s paid up share capital in the institutions is World Bank (US$ 246.1 million), IMF (US$ 2.914million), IDA (US$ 33.882 million), IFC (US$ 4.014 million).