IMF Staff Country Reports

Kenya : Selected Issues

Author/Editor:

International Monetary Fund

Publication Date:

October 17, 2008

Electronic Access:

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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. 08/337

Subject:

Capital inflows Coffee Competition Current account deficits Exchange rates Exports External sector Financial stability Gross domestic product Oil prices Public debt Reserves Selected issues