Kenya: Third Review Under the Three-Year Arrangement Under the Extended Credit Facility and Request for Modification of Performance Criteria: Staff Report; Press Release
April 24, 2012
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This paper describes Kenya’s third review under the three-year arrangement under the Extended Credit Facility (ECF) and request for modification of performance criteria. The Executive Board approved a three-year ECF arrangement for Kenya on January 31, 2011, which has been augmented on December 9, 2011 for a total of SDR 488.520 million. The authorities’ primary fiscal balance outcome was in line with the program and consistent with a decline in the government debt-to-GDP ratio. Implementation of structural benchmarks has overall proceeded as expected.
Subject: Banking, Credit, Expenditure, Financial institutions, Fiscal policy, Fiscal stance, Loans, Money, Public debt
Keywords: Africa, balance of payments, core inflation, CR, Credit, disbursement of SDR, earnings, ECF arrangement, Fiscal stance, Global, IMF's executive board, ISCR, Loans, SDR
Pages:
47
Volume:
2012
DOI:
---
Issue:
097
Series:
Country Report No. 2012/097
Stock No:
1KENEA2012003
ISBN:
9781475503012
ISSN:
1934-7685
