Kenya : 2004 Article IV Consultation, First Review Under the Poverty Reduction and Growth Facility, and Requests for Augmentation of Access, Rephasing of the Arrangement, and Waiver of Performance Criteria: Staff Report; Staff Statement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Kenya

Author/Editor:

International Monetary Fund

Publication Date:

July 29, 2009

Electronic Access:

Free Full Text (PDF file size is 962 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This 2004 Article IV Consultation highlights that monetary policy of Kenya has been expansionary since 2003/04 to promote economic growth. This has, however, contributed to the recent rise in inflation. Executive Directors have observed the progress that has been made under the Poverty Reduction and Growth Facility (PRGF)-supported program, which has contributed to a rebound in economic growth and arrested the rise in domestic debt. However, Directors have noted that Kenya faces serious challenges. In particular, growth remains too slow for making inroads into poverty, and governance remains a critical concern.

Series:

Country Report No. 09/225

Subject:

English

Publication Date:

July 29, 2009

ISBN/ISSN:

9781451821260/1934-7685

Stock No:

1KENEA2009005

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

105

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