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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.

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 October 31, 2011))
  • Loans outstanding: ESF RAC Loan SDR 135.70 Million
    ECF Arrangements SDR 231.06 Million
  • Kenya is on the 24-month cycle for Article IV consultations. The last Article IV consultation was concluded on December 9, 2011 (IMF Country Report No. 12/14 , published January 26, 2012)

News and Highlights

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NewsLIC

A Newsletter of the IMF on Low-income countries; November 2012 click for more

Video: Kenya's Exchange Rate Volatility

ABN’s Samantha Loring speaks with Ragnar Gudmundsson, Resident Representative at the IMF, to discuss the key agreements. click for more

East Africa Currencies under Pressure

ABN crossed to Kenya where Ragnar Gudmundsson, Resident Representative from the IMF to talk more on the issue of currency speculation facing East African economies. Watch the video. click for more

International Monetary Fund’s Mission to Kenya

The International Monetary Fund sent a mission to Kenya two weeks ago for the first review of the performance of the bank's ongoing extended credit facility-supported programme. The IMF team is also looking at government policies and budget execution with Kenya's Finance Ministry. The mission's chief, Domenico Fanizza, joins ABN from our Nairobi studios, to discuss the bank's visit to the state. click for more

How Kenya can navigate through the economic storm and come out on top

Op-Ed By W. Fengler & R. Gudmundsson. Posted Tuesday, March 29 2011 on the Daily Nation. click for more

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Kenya and The IMF

Press Release: Special Data Dissemination Standard Workshop in Gaborone, Botswana

May 8, 2013

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

April 30, 2013
Series: Country Report No. 13/107 click for more

Press Release: IMF Executive Board Completes Fifth Review Under the ECF Arrangement for Kenya and Approves US$108.5 Million Disbursement

April 16, 2013

Press Release: IMF Regional Technical Assistance Center for East Africa Scales Up Activities; External Evaluation Commends Very Strong Performance

April 11, 2013

Kenya -- Letter of Intent, and Updated Technical Memorandum of Understanding, March 28, 2013

March 28, 2013
PDF File Size: 479Kb click for more

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Regional Economic Outlook for Sub-Saharan Africa

image from the publication cover

Economic conditions in sub-Saharan Africa have remained generally robust despite a sluggish global economy. The near-term outlook for the region remains broadly positive, and growth is projected at 5¼ percent a year in 2012–13. Most low-income countries are projected to continue to grow strongly, supported by domestic demand, including from investment. The outlook is less favorable for many of the middle-income countries, especially South Africa, that are more closely linked to European markets and thus experience a more noticeable drag from the external environment. The main risks to the outlook are an intensification of financial stresses in the euro zone and a sharp fiscal adjustment in the US–the so called fiscal cliff. Click for more

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Resident Representative for Kenya

Ragnar Gudmundsson
Kenya-Re Towers, 10th Floor
Upper Hill, Nairobi
Telephone: 254-20-288-2000
E-mail: RR-KEN@imf.org