Africa, kenya, External Debt
Monitoring Kenya's Debt

“At the domestic level, culpability largely stems from the misuse of borrowed money to outright theft and corruption, which too have aggravated the debt crises. Poor macro-economic management and unsound project investment as evidenced to by numerous stalled projects that dot the nation further attest to these. Plainly some are outright ‘white elephants’ both in articulation and implementation and their sole conceptualization were for purposes of siphoning and looting public coffers.”

Link: http://www.afrodad.org/index.php?option=com_docman&task=doc_view&gid=18&tmpl=component&format=raw&It...
Added by View user profileImran Uddin on February 22, 2010