The Africa Centre for Energy Policy (ACEP) has disclosed that the conditionalities of the International Monetary Fund are not helping curb the revenue leakages in the country’s energy sector.
“However, liquidity has worsened. The Cash Waterfall Mechanism (CWM), implemented to improve liquidity, has failed to achieve its objectives in two key areas: ensuring proportional distribution of revenues and enhancing revenue collection.”
“AFDB has supported the PURC on regulatory efficiency and transparency. Nonetheless, the sector has deepened in inefficiency and drained the public resource in that period more than ever.”