Kenya: Selected Issues
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Summary:
This Selected Issues paper on Kenya reviews Kenya’s external stability in a context where the exchange rate has strengthened and capital inflows are playing an increasingly important role. Kenya’s external current account deficit has widened, reflecting strong import volumes as well as rising import prices, particularly for oil, but external debt as a percent of GDP has declined steadily. Underlying these developments have been a steady increase in capital inflows and a remarkable rebound of economic growth since 2003 after two decades of stagnation.
Series:
Country Report No. 2008/337
Subject:
Balance of payments Current account deficits Exports Fiscal policy Foreign exchange International trade Public debt Real effective exchange rates
English
Publication Date:
October 17, 2008
ISBN/ISSN:
9781451821192/1934-7685
Stock No:
1KENEA2008002
Pages:
28
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