Kenya : Request for a Three-Year Arrangement under the Poverty Reduction and Growth Facility

Author/Editor:

International Monetary Fund

Publication Date:

January 8, 2004

Electronic Access:

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Summary:

Kenya showed poor implementation of policies and weak economic performance under the Poverty Reduction and Growth Facility (PRGF) arrangement. The government formulated a new Economic Recovery Strategy for Wealth and Employment Creation (ERSWEC) aimed to address major macroeconomic vulnerabilities. Executive Directors emphasized the need for domestic debt reduction, the restructuring of spending, and a sustained implementation of the reform agenda. They suggested that bold reforms will be essential to encourage private investment and to mobilize adequate donor support for the reforms.

Series:

Country Report No. 03/399

Subject:

English

Publication Date:

January 8, 2004

ISBN/ISSN:

9781451821109/1934-7685

Stock No:

1KENEA0052003

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

92

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