IMF Adopts Guidelines Against Corruption and Sanctions Kenya

IMPORTANT: The full content of this page is available to premium users only.

Monday, September 1, 1997
Author: 
Bruce Zagaris
Volume: 
13
Issue: 
9
367-370
Abstract: 
On August 4, 1997, the Executive Board of the International Monetary Fund (IMF) adopted Guidelines on the role of the IMF in issues of governance and against corruption. Shortly after the release of the Guidelines, the World Bank announced it will withhold a multimillion-dollar credit from Kenya and place a number of investment projects on hold until the Kenyan Government shows a commitment to combatting official corruption... [more]