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

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

Pages:
121
Volume:
2021
DOI:
https://doi.org/10.5089/9781513576633.002
Issue:
072
Series:
Country Report No. 2021/072
Stock No:
1KENEA2021002
ISBN:
9781513576633
ISSN:
1934-7685

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