IMF Staff Country Reports

Kenya: Requests for an Extended Arrangement Under the Extended Fund Facility and an Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Kenya

April 6, 2021

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Kenya: Requests for an Extended Arrangement Under the Extended Fund Facility and an Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Kenya, (USA: International Monetary Fund, 2021) accessed October 13, 2024

Summary

Kenya has been hit hard by the COVID-19 pandemic. Despite a forceful policy response by the authorities, the socio-economic impact has been significant. The shock has also exacerbated the country’s pre-existing fiscal vulnerabilities, pushing Kenya into high risk of debt distress. While the economy is now recovering, fiscal and balance-of-payments financing needs remain sizable over the medium term.

Subject: COVID-19, Credit, External debt, Health, International organization, Monetary policy, Money, Public debt, Revenue administration

Keywords: COVID-19, Credit, Debt vulnerability, Development partner, ECF arrangement, Financing package, Financing strategy, Global, Kenya's debt, Procurement information portal, Support package

Publication Details

  • Pages:

    121

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2021/072

  • Stock No:

    1KENEA2021002

  • ISBN:

    9781513576633

  • ISSN:

    1934-7685