At a Glance
At a Glance : Kenya's Relations with the IMF
- Current membership: 188 countries
- Kenya joined the Fund in February 3, 1964; Article VIII
- Total Quotas: 271.40 Million (As of February 28 2015)
- Loans outstanding: Stand-by Arrangement SDR 352.82 Million SCF Arrangements SDR 135.70 Million
- Kenya is on the 12-month cycle for Article IV consultations. The last Article IV consultation was concluded on September 22, 2014 (IMF Country Report No. 14/302, published October 02, 2014)
News and Highlights
Published on KBC (Kenya), September 23, 2015
September 23, 2015
Published on Business Daily, September 21, 2015
September 21, 2015
Published on Business Daily, September 18, 2015
September 18, 2015
Published on Daily Nation, September 17, 2015
September 17, 2015
Published on Bloomberg Business, Septermber 11, 2015
September 11, 2015
Kenya and the IMF
October 27, 2015
Subject: Monetary policy | Albania | Armenia | Ghana | India | Kenya | Peru | Rwanda | Uganda | Uruguay | Sub-Saharan Africa | Emerging markets | Cross country analysis | Background papers
October 9, 2015
Kenya: First Review Under the Twelve-Month Stand-By Arrangement and the Arrangement Under the Stand-By Credit Facility, Request for Waivers for Non-Observance of Performance Criterion, and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Kenya
September 23, 2015
Series: Country Report No. 15/269
September 16, 2015
September 10, 2015
Inflation can determine a currency’s purchasing power as high inflation means rising prices. But what drives inflation differs from region to region. In this podcast we talk with Oral Williams, IMF Mission Chief for Malawi and coauthor of a new research paper that shows the drivers of inflation are changing in sub-Saharan Africa.
Regional Economic Outlook for Sub-Saharan AfricaGrowth in sub-Saharan Africa has weakened after more than a decade of solid growth, although this overall outlook masks considerable variation across the region. Some countries have been negatively affected by falling prices of their main commodity exports. Oil-exporting countries, including Nigeria and Angola, have been hit hard by falling revenues and the resulting fiscal adjustments, while middle-income countries such as Ghana, South Africa, and Zambia are also facing unfavorable conditions. This October 2015 report discusses the fiscal and monetary policy adjustments necessary for these countries to adapt to the new environment. Chapter 2 looks at competitiveness in the region, analyzing the substantial trade integration that accompanied the recent period of high growth, and policy actions to nurture new sources of growth. Chapter 3 looks at the implications for the region of persistently high income and gender inequality and ways to reduce them.
The East African Community: Quest for Regional IntegrationJanuary 2015
The countries in the East African Community (EAC) are among the fastest growing economies in sub-Saharan Africa. The EAC countries are making significant progress toward financial integration, including harmonization of supervisory arrangements and practices and the modernization of monetary policy frameworks. This book focuses on regional integration in the EAC and argues that the establishment of a time table for the eliminating the sensitive-products list and establishing a supranational legal framework for resolving trade disputes are important reforms that should foster regional integration.
Departmental Papers on Africa
The Departmental African Paper Series covers research on Sub-Saharan Africa conducted by International Monetary Fund (IMF) staff, particularly on issues of broad regional or cross-country interest. The views expressed in these papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
IMF Opens Africa Training Institute in Mauritius
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.