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

Publication Date: April 30, 2013
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Summary: 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.
Series: Country Report No. 13/107
Subject(s): Extended Credit Facility | Fiscal policy | Fiscal consolidation | Wage increases | Value added tax | Monetary policy | Commercial banks | Bank supervision | Economic indicators | Staff Reports | Press releases | Performance criteria modifications | Performance criteria waivers | Kenya

Publication Date: April 30, 2013
ISBN/ISSN: 9781484390474/1934-7685 Format: Paper
Stock No: 1KENEA2013001 Pages: 66
US$18.00 (Academic Rate:
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