IMF Loans 209 million dollars to Kenya despite Finance Ministry corruption scandal

Industrialized countries and emerging markets were the first to be hit by the global economic crisis, and it seems the most vulnerable countries are now also suffering.  Africa’s export earnings have plunged and foreign investment there is decreasing.  The International Monetary Fund last week approved a $209 million dollar loan to Kenya, as it emerged that economic shocks had left the country’s balance of payments with a deficit of 677 million dollars.  The loan should help Kenya to close its financing gap, but it comes as Kenya’s Finance Ministry faces accusations of corruption and economic mismanagement, leading many in Kenya to wonder at the IMF’s decision. Arusha Topazzini reports from Nairobi.