Experts dismiss IMF petition push by Kenyans as legally meaningless

The recent push by Kenyans to sign a petition advising the International Monetary Fund against giving Kenya financial aid received a major blow yesterday after a cross-section of economists cutting across different departments of the sector all spoke in unison, declaring that the campaign had no impact legally.

Kwame Owino, and former head of the United Nations Conference on Trade and Development, UNCTAD, Mukhisa Kituyi are among the experts that came out to make it clear that the petition push doesn’t have any impact in terms of affecting IMF policies.

NMG economist Julians Amboko was the first expert of the evening to pour cold water on the signature-collecting petition when he said that IMF deals with a country’s legal and structural organisations as opposed to the populace.

In the Kenyan case, Amboko said that IMF had taken into consideration views from the Central Bank of Kenya and Parliament. Despite this, he said that the ongoing discussion is a good one to have, and one that should go on, but shouldn’t be thought of as a legal panacea.

Mukhisa Kituyi, on the other hand, said that he had previously been part of the IMF spring meetings when he was still at the UNCTAD, and he knows for a fact the IMF has no provision which allows them to accommodate citizen involvement, rather, it deals with government structures.

He however, added that the push by Kenyans wasn’t entirely in vain, as the international lender takes into consideration political nuances of a country when drawing up conditions on loan structures.

Kwame Owino, chief executive Officer of the Institute of Economic Affairs (IEA-Kenya), a public policy think tank based in Nairobi, Kenya also echoed the sentiments by his colleagues.

Dismissing the petition push as purely symbolic, he said the pressure and anger by Kenyans was nevertheless a powerful tool, only that it was being directed at the wrong place, and would be more useful if it was directed at the relevant institutions, namely The Executive and The Parliament.

KR On Youtube

Facebook Comments

What do you think?

Written by Joshua Wanga


Leave a Reply
  1. Greetings! This is my 1st comment here so I just wanted to give a quick shout out and say I really enjoy reading through your
    articles. Can you recommend any other blogs/websites/forums that cover the same topics?
    Thanks a lot!

  2. I got this web site from my buddy who told me on the topic of this site and
    now this time I am browsing this web page and
    reading very informative articles here.

  3. I do not even understand how I finished up right here, but I thought
    this put up used to be good. I don’t recognise who you are but definitely you are
    going to a well-known blogger when you are not already.

  4. My brother recommended I may like this web site. He used to be totally right.
    This post actually made my day. You can not consider simply how a lot time I had spent for
    this information! Thank you!

  5. Pretty section of content. I simply stumbled upon your website
    and in accession capital to say that I get actually enjoyed account your blog posts.
    Anyway I’ll be subscribing to your augment or even I success you get entry to constantly rapidly.

  6. Good day! This is my 1st comment here so I just wanted to give a quick
    shout out and say I really enjoy reading through your posts.
    Can you recommend any other blogs/websites/forums that go over the same subjects?

    Thanks a ton!

  7. scoliosis
    Right here is the perfect webpage for everyone who would like to understand this topic.
    You realize a whole lot its almost tough to argue with you (not that I actually would want
    to…HaHa). You definitely put a new spin on a topic
    that has been discussed for years. Great stuff, just
    wonderful! scoliosis

  8. Write more, thats all I have to say. Literally, it seems as though you relied on the video to make your point.
    You definitely know what youre talking about, why throw away your intelligence on just posting videos to your site when you
    could be giving us something enlightening to

  9. Oh my goodness! Amazing article dude! Thanks, However I am having problems with your RSS.
    I don’t know why I am unable to subscribe to it. Is there anyone else having similar RSS problems?
    Anybody who knows the solution will you kindly respond?

  10. Appreciating the time and energy you put into your website and detailed information you
    offer. It’s awesome to come across a blog every once in a while that
    isn’t the same outdated rehashed information. Excellent read!
    I’ve saved your site and I’m adding your RSS feeds to
    my Google account.

  11. I’m really enjoying the theme/design of your weblog.

    Do you ever run into any web browser compatibility issues?
    A couple of my blog readers have complained about my site not operating correctly in Explorer but looks great in Firefox.
    Do you have any recommendations to help fix this issue?

  12. Does your site have a contact page? I’m having problems
    locating it but, I’d like to send you an e-mail. I’ve got some creative ideas for your blog you might be interested in hearing.
    Either way, great website and I look forward to seeing it expand over time.
    asmr 0mniartist

  13. I was curious if you ever considered changing the page layout of your blog?
    Its very well written; I love what youve got to say. But maybe you could a little more in the way of content so people could connect with it better.
    Youve got an awful lot of text for only having 1 or 2 images.
    Maybe you could space it out better? 0mniartist asmr

Leave a Reply

Your email address will not be published.



Details of the hotel that tanga tanga MPs were kicked out of, and its owner

15 dead, scores critically injured in tragic highway accident