KENYA Staff Report for the 2001 Article IV Consultation: Staff Report for the 2001 Article IV Consultation

International Monetary Fund

No 2002/085, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2001 Article IV Consultation highlights that Kenya’s economic performance during the past decade has been well below its potential. This reflects the failure to sustain prudent macroeconomic policies and the slow pace of structural reform. Consequently, Kenya’s real per capita GDP is now lower than it was in 1990, and poverty is much more prevalent. Executive Directors have commended the authorities for achieving a measure of macroeconomic stability during recent years, in difficult circumstances. To help obtain tangible results, they have stressed the importance of departing from the “stop-go” policies of the 1990s.

Keywords: ISCR; CR; Kenya; government; GDP; government move; KACA case; debt service; Kenyan authorities; tariff reform strategy; Corruption; Commercial banks; Southern Africa; East Africa (search for similar items in EconPapers)
Pages: 97
Date: 2002-04-19
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