In March the new government of Kenya reported that its treasury had all but been drained by the former government of Daniel Arap Moi and that the country would need $800 million in aid from the international community.

The incoming National Rainbow Coalition thought the government deficit would be in the neighborhood of $400 million, but Kenya’s Finance Minister David Mwiraria told the BBC that it would end up being closer to $850 million, forcing the African nation to ask for money from international donors.

Mwiraria claims any Kenyan need for such aid would only be for the short term, but whether or not the National Rainbow Coalition will be able to tackle Kenya’s widespread corruption remains to be seen.

Source:

Kenya needs $800m of aid. The BBC, March 11, 2003.

The Kenya Requests $800 Million In Aid to Cover Corruption by Brian Carnell, unless otherwise expressly stated, is licensed under a Creative Commons Attribution-Noncommercial-Share Alike 3.0 License.

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