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Omtatah challenges IMF, World Bank immunity law in court News 35 min ago

Omtatah challenges IMF, World Bank immunity law in court News 35 min ago

By GhanaSummary NewsroomKenya

The petitioners argue that the Act gives the Executive sweeping powers to enter into international financial agreements, borrow money and commit public funds without adequate parliamentary oversight while shielding the IMF and the World Bank from accountability before Kenyan courts.

Busia senator Okiya Omtatah and two others have challenged an Act that grants the International Monetary Fund (IMF) and the World Bank immunity from court proceedings, taxation and disclosure, arguing that it undermines Kenya's constitutional order.

According to the petition, the law creates "a closed loop of unaccountable financial governance" that violates the Constitution by allowing the Executive to accept international agreements, incur debt and spend public funds while protecting the institutions receiving the funds from judicial scrutiny.

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