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

January 8, 2004

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Kenya: Request for a Three-Year Arrangement under the Poverty Reduction and Growth Facility, (USA: International Monetary Fund, 2004) accessed November 8, 2024

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.

Subject: Banking, Expenditure, External debt, Imports, International trade, Poverty, Poverty reduction strategy, Public debt

Keywords: Africa, CR, ERSWEC programme, Global, Government, Imports, ISCR, Kenyan authorities, Outlay, Poverty reduction strategy, PRGF loan, PRGF-supported program, Priority poverty reduction outlay, Strategy, Sub-Saharan Africa

Publication Details

Pages:

92
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/399
Stock No:

1KENEA0052003
ISBN:

9781451821109
ISSN:

1934-7685

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