Kenya: Fifth Review Under the Three-Year Arrangement Under the Extended Credit Facility and Request for a Waiver and Modification of Performance Criteria—Staff Report; Staff Supplement; and Press Release

International Monetary Fund

No 2013/107, IMF Staff Country Reports from International Monetary Fund

Abstract: Economic activity in Kenya has remained resilient to uncertainty surrounding the elections, the impact of the European crisis, and security-related concerns. Fiscal policy is in line with the program despite difficulties. International reserves are on the rise, and the deficit of the external current account has shrunk significantly. Key structural reforms to strengthen the institutional framework are under way. A peaceful political transition, strengthened macroeconomic conditions, and structural reforms could unleash Kenya’s growth potential, attract foreign investment, and lay the basis for transforming the country into an emerging-market economy.

Keywords: ISCR; CR; debt; ECF arrangement; real GDP; executive board's decision; sustainability analysis; creating flow; public-private partnership; reform agenda; government policy; Debt sustainability analysis; Credit; Global; Europe; Africa (search for similar items in EconPapers)
Pages: 66
Date: 2013-04-30
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