| Inner City Press Asks IMF
About Kenya Power Monopoly now
Answer Says Same as World Bank
by
Matthew Russell Lee, Patreon Book
Substack
NYC,
Nov 21 –
When the IMF held its press
briefing on November 21, Inner
City Press was able to ask the
spokesperson two
questions: on crypto
currency, climate and the
imcoming US President's views
on crypto, and on Kenya amid
governance / corruption
review, and Kenya Power.
Inner City
Press asked on crypto and Gita
Gopinath's Nov 17 tweet about
the climate impact of crypto
mining, what are the IMF's
comments on recent election(s)
impact on crypto's future, and
what may be the impact of
halving on crypto's carbon
footprint?
On Kenya, an IMF
spokesperson later answered
Inner City Press:
"One of the
reform measures under Kenya’s
Resilience and Sustainability
Facility (RSF) relates to
regulations aiming to create a
more competitive, transparent
and efficient electricity
market, and there are no
differences of view between
the IMF and the World Bank on
this.
In developing
this reform measure, the IMF
staff drew on the World Bank's
expertise in the electricity
sector. A power market
study that was done with a
support from the WB identified
potential issues that need to
be addressed or mitigated
before a regulation on open
access can be enacted, to
avoid potential costs and the
need to ensure support for
such reform in Kenya. Impact
assessment in the study
identified a potential
macro-fiscal implications for
the public electricity company
that has already contracted
long-term, fixed power
purchase agreements. In view
of this, which was not
anticipated at the time of the
RSF program approval, more
time will be required before a
regulation in open access can
be formulated and enacted.”
The
answer, not specific to
climate or the incoming US
Administration, will be
transcribed on the IMF
website.
More video
coming on
IMF's website.
***
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