Kenya to get delayed loan from IMF
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Kenya has met all economic conditions set by the International Monetary Fund (IMF) which could result in the release of a delayed loan to the east African country, a visiting IMF mission announced here Friday.
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Investor's Business Daily - There seems to be a significant slowing in the pace of global economic growth this year, the International Monetary Fund said. The IMF cautioned that restoring world financial markets will be a complex, drawn-out process. The Fed's 75- basis-point 18ate cut on Tue. was "appropriate and helpful," said IMF spokesman Masood Ahmed, who also said the U.S. should apply "targeted and timely" fiscal stimulus.
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Â· Kibaki put on defensive by Odinga's yes to mediation  Â· African Union head due to arrive to help end turmoil
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African leaders lobbied the Global Fund for Aids, Tuberculosis and Malaria for more money on Wednesday to solve a cash crunch but were told a new round of funding was likely to be delayed by several months.
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UK charter flights to Kenya are suspended until 14 January, tour operators chiefs have said.
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Opposition protests in Kenya faltered on Friday and the government said it was ready to accept a court-ordered re-run of an election whose disputed result unleashed a wave of violence.
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Kenya's President Kibaki names a cabinet hours before Ghana's leader arrives to mediate the election crisis.
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Text of report by Samuel Otieno entitled "Kenya gets two billion shillings aid to conserve nature" published by Kenyan newspaper The Standard website on 12 February  The government is formulating a national policy on environment to revitalize and regulate the sector.
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KKR Financial Holdings has delayed repayment of debt backed by mortgage securities for the second time and begun a new round of talks with creditors.
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The International Monetary Fund board on Friday agreed to a request by Argentina to reschedule $1 billion in loan repayments, IMF sources said on condition of anonymity.
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The planned handover by Nigeria to Cameroon of the disputed region of Bakassi looks set to be delayed.
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Kenya's foreign minister said on Sunday the solution to a post-election crisis lay with Kenyans and any outside attempt to force through a deal would be a mistake.
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The chairman of the African Union is due to arrive in Kenya to try to end the country's political crisis.
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ARUSHA, Tanzania  - African leaders lobbied the  Global Fund for Aids, Tuberculosis and Malaria for more money  on Wednesday to solve a cash crunch but were told a new round  of funding was likely to be delayed by several months.
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Foreign mediators raised the pressure on Kenya's president and opposition leader on Thursday to end post-electoral turmoil that has killed 500 people, but there was no sign of an immediate deal to end the crisis.
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Kenya's government and opposition are due to begin full negotiations to try to end the country's political crisis.
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The International Monetary Fund on Friday granted an Argentine government request to defer $1.1 billion in debt repayments that Buenos Aires was scheduled to make between now and January.