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Athi-Galana-Sabaki River, Kenya

Athi-Galana-Sabaki River, Kenya (Picture by Elido Turco, Italy)

Kenya Resident Representative Site

Resident Representative Office in Kenya

This web page provides information in on the activities of the Office, views of the IMF staff, and the relations between Kenya and the IMF. Additional information can be found on Kenya and IMF country page, including official IMF reports and Executive Board documents in English that deal with Kenya.

News and Highlights


Kenya’s economic growth to hit 7pc on the back of foreign investments

Daily Nation, May 18, 2015 click for more

Sub-Saharan Africa IMF Regional Economic Launch

Norfolk Hotel, Nairobi, Kenya, May 18, 2015 click for more

Changes in the Financial Landscape: Role of monetary policy and monetary operation frameworks in Africa

Presentation by Armando Morales, IMF Resident Representative in Kenya, presented at the Continental Seminar of the Association of African Central Banks. Nairobi, May 13, 2015 click for more

Kenya shilling 5-10 pct overvalued, no policy shift needed: IMF

Reuters Africa click for more

Helping Counties to Prepare Better Budgets

At the request of the National Treasury, AFRITAC training program on Program-Based Budgeting was extended to counties in two-week intense training module, a first-of-its-kind exercise that ran simultaneously in Mombasa and Kisumu. click for more

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Kenya and The IMF

Press Release: IMF Staff Completes Review Mission to Kenya

June 4, 2015

Podcast : Building a Monetary Union in East Africa

February 26, 2015
The Quest for Regional Integration in the East African Community lays out all aspects of the ongoing financial integration process for Uganda, Kenya, Tanzania, Rwanda and Burundi. click for more

Press Release: East African Officials Note Progress in Harmonization of National Accounts Statistics

February 25, 2015

Kenya: Request for Stand-by Arrangement and an Arrangement Under the Standby Credit Facility - Staff Report; Press Release; Statement by the Executive Director for Kenya

February 5, 2015
Series: Country Report No. 15/31 click for more

Press Release: IMF Executive Board Approves US$497.1 Million Stand-by Arrangement and US$191.2 Million Stand-by Credit Facility for Kenya

February 2, 2015

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Regional Economic Outlook for Sub-Saharan Africa

image from the publication cover

Sub-Saharan Africa's economy is set to register another year of solid growth, although the expansion will be at the lower end of the range registered in recent years, mainly reflecting the severe impact of the sharp decline in oil prices on the region's oil exporters. In a context of tightening global financial conditions, the large fiscal and current account deficits that prevail in some countries could leave them vulnerable to a potential reduction in external financing. An uneven global recovery and domestic security-related challenges are also risks to the outlook. Against this backdrop, and beyond the immediate effects of the current shock, further progress toward diversification and structural transformation remains crucial to sustain high and inclusive growth, generate jobs for the rapidly growing young population, and foster integration into global value chains. Click for more

Pan-African Banking : Opportunities and Challenges for Cross-Border Oversight

Pan-African Banking : Opportunities and Challenges for Cross-Border Oversight

Pan-African banks are expanding rapidly across the continent, creating cross-border networks, and having a systemic presence in the banking sectors of many Sub-Saharan African countries. These banking groups are fostering financial development and economic integration, stimulating competition and efficiency, introducing product innovation and modern management and information systems, and bringing higher skills and expertise to host countries. At the same time, the rise of pan-African banks presents new challenges for regulators and supervisors. As networks expand, new channels for transmission of macro-financial risks and spillovers across home and host countries may emerge. To ensure that the gains from cross border banking are sustained and avoid raising financial stability risks, enhanced cross-border cooperation on regulatory and supervisory oversight is needed, in particular to support effective supervision on a consolidated basis. This paper takes stock of the development of pan-African banking groups; identifies regulatory, supervisory and resolution gaps; and suggests how the IMF can help the authorities address the related challenges.

IMF Opens Africa Training Institute in Mauritius

Africa Training Institute (ATI) Logo

The International Monetary Fund (IMF) on June 26, 2014 opened the Africa Training Institute (ATI) in Ebene, Mauritius, adding an important regional center to a global network of centers helping to develop countries' policymaking capacity by transferring economic skills and best practices.