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
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Economic activity in Kenya has remained resilient to uncertainty surrounding the elections, the impact of the European crisis, and security-related concerns. Fiscal policy is in line with the program despite difficulties. International reserves are on the rise, and the deficit of the external current account has shrunk significantly. Key structural reforms to strengthen the institutional framework are under way. A peaceful political transition, strengthened macroeconomic conditions, and structural reforms could unleash Kenya’s growth potential, attract foreign investment, and lay the basis for transforming the country into an emerging-market economy.
Subject: Banking, Credit, Debt sustainability analysis, Expenditure, External debt, Money, Public and publicly-guaranteed external debt, Public debt
Keywords: Africa, CR, creating flow, Credit, debt, Debt sustainability analysis, ECF arrangement, Europe, executive board's decision, Global, government policy, ISCR, public-private partnership, real GDP, reform agenda, sustainability analysis
Pages:
66
Volume:
2013
DOI:
Issue:
107
Series:
Country Report No. 2013/107
Stock No:
1KENEA2013001
ISBN:
9781484390474
ISSN:
1934-7685
