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The Standard e-Paper
Kenya's Bold Newspaper
The Standard Group Plc is a multi-media organization with investments in media
platforms spanning newspaper print operations, television, radio broadcasting,
digital and online services. The Standard Group is recognized as a leading
multi-media house in Kenya with a key influence in matters of national and
international interest.
Audio By Vocalize
Inflicting pain on the citizens through higher taxes and layoffs was a playbook popular in the Global South in the late '80s and early '90s. It was the primary thinking of an economic viewpoint christened the Washington Consensus. This viewpoint came with a one-size-fits-all prescription for countries in South America Asia and Africa that were saddled with debt. That programme of intervention by the IMF, the World Bank and the US Department of Treasury was largely called the Structural Adjustment.
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