Kenya: 2008 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Kenya
IMF Staff Country Reports, October 17, 2008
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- Canonical URL
- Kenya: 2008 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Kenya
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Bibliographic details
- Published: October 17, 2008
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451821215.002
Macroeconomic performance and growth
- GDP growth reached 7.0 percent in 2007, the highest in more than two decades.
- Macroeconomic performance continued to improve until violence erupted in the aftermath of the general elections of December 2007.
Inflation pressures and monetary policy
- Monetary policy was tightened in June 2008 to address rising inflation pressures.
- Executive Directors welcomed the recent tightening of monetary policy and the authorities’ readiness to tighten further to prevent the second-round effect of rising food and fuel prices.
Subject coverage and keywords
- Subject: Consumer price indexes, Debt sustainability, External debt, Prices, Public debt, Public financial management (PFM)
- Keywords: Africa, Consumer price indexes, CR, debt, Debt sustainability, deficit, exchange rate, fuel price, GDP, Global, government, growth bottleneck, ISCR, Kenya, managed float, structural reform agenda