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"I'm not a spanner boy."

Jul 18 , 2026.

Njuguna Ndung'u (Prof.), a former governor of the Central Bank of Kenya (CBK), recalled telling staff members of the International Monetary Fund (IMF) in the early 2010s. The IMF was pressing Kenya to tighten monetary policy, which Ndung'u described as a policy of "starving the economy" of liquidity. Ethiopia's policymakers are now tightening monetary policy as part of a four-year programme with the IMF.


PUBLISHED ON Jul 18,2026 [ VOL 27 , NO 1368]

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