Kenya: Recent Economic Developments

International Monetary Fund

No 1995/133, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper reviews economic developments in Kenya during 1990–95. Real GDP growth decelerated from 4.3 percent in 1990 to close to zero in 1992/93. Inflation accelerated from 12 percent in the 12-month period ended December 1989 to 34 percent in March 1993. The central government’s budget deficit increased from 6.7 percent in 1989/90 to 11.4 percent of GDP in 1992/93. Broad money growth (M2) accelerated from 21 percent in the 12-month period ended December 1991 to 36 percent in March 1993.

Keywords: ISCR; CR; government; enterprise; public enterprise; reform program; average earnings; government sector; net government credit; government ministry; permanent secretary; government construction project; PE sector; government intervention; Civil service; Treasury bills and bonds; Imports; Africa; Western Europe; Southern Africa; Europe (search for similar items in EconPapers)
Pages: 124
Date: 1995-12-15
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