Kenya: Requests for an Extended Arrangement Under the Extended Fund Facility and an Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Kenya

International Monetary Fund

No 2021/072, IMF Staff Country Reports from International Monetary Fund

Abstract: Kenya has been hit hard by the COVID-19 pandemic. Despite a forceful policy response by the authorities, the socio-economic impact has been significant. The shock has also exacerbated the country’s pre-existing fiscal vulnerabilities, pushing Kenya into high risk of debt distress. While the economy is now recovering, fiscal and balance-of-payments financing needs remain sizable over the medium term.

Keywords: ECF arrangement; financing strategy; debt vulnerability; financing package; support package; procurement information portal; Kenya's debt; development partner; COVID-19; Credit; Global (search for similar items in EconPapers)
Pages: 121
Date: 2021-04-06
New Economics Papers: this item is included in nep-mac
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