Kenya: Selected Issues

International Monetary Fund

No 2008/337, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper on Kenya reviews Kenya’s external stability in a context where the exchange rate has strengthened and capital inflows are playing an increasingly important role. Kenya’s external current account deficit has widened, reflecting strong import volumes as well as rising import prices, particularly for oil, but external debt as a percent of GDP has declined steadily. Underlying these developments have been a steady increase in capital inflows and a remarkable rebound of economic growth since 2003 after two decades of stagnation.

Keywords: ISCR; CR; Kenya; GDP; debt management strategy; public debt-to-GDP ratio; upper bound; public debt ratio; institutional investor; Real effective exchange rates; Exports; Current account deficits; Global (search for similar items in EconPapers)
Pages: 28
Date: 2008-10-17
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Citations: View citations in EconPapers (1)

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