Kenya: Poverty Reduction Strategy Annual Progress Report: 2004/2005

International Monetary Fund

No 2007/159, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper examines Kenya’s Poverty Reduction Strategy annual progress report. The Investment Program for the Economic Recovery Strategy is Kenya’s medium-term strategy to foster economic growth and reduce poverty. Poverty is defined as the inability to command resources and is a multidimensional phenomenon, a characteristic that makes those afflicted face multiple deprivations owing to interactions of economic, political, and social processes. The government envisages strengthening the macroeconomic framework, a more responsible fiscal policy stance, and the unleashing of private sector participation and investment.

Keywords: ISCR; CR; private sector; public expenditure; job creation; local government; permanent secretary; economic growth; poverty programme; absolute poverty; IP-ERS objective; early retirement; East Africa; East Asia (search for similar items in EconPapers)
Pages: 187
Date: 2007-05-10
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