{
  "title": "Kenya: Request for a Three-Year Arrangement under the Poverty Reduction and Growth Facility",
  "publication": "IMF Staff Country Reports, January 8, 2004",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/30/kenya-request-for-a-three-year-arrangement-under-the-poverty-reduction-and-growth-facility-17101",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2016/12/30/kenya-request-for-a-three-year-arrangement-under-the-poverty-reduction-and-growth-facility-17101",
  "overlayPath": "/en/publications/cr/issues/2016/12/30/kenya-request-for-a-three-year-arrangement-under-the-poverty-reduction-and-growth-facility-17101/index.md",
  "summary": "Kenya showed poor implementation of policies and weak economic performance under the Poverty Reduction and Growth Facility (PRGF) arrangement. The government formulated a new Economic Recovery Strategy for Wealth and Employment Creation (ERSWEC) aimed to address major macroeconomic vulnerabilities.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Kenya showed poor implementation of policies and weak economic performance under the Poverty Reduction and Growth Facility (PRGF) arrangement.\n- The government formulated a new Economic Recovery Strategy for Wealth and Employment Creation (ERSWEC) aimed to address major macroeconomic vulnerabilities.\n- Executive Directors emphasized the need for domestic debt reduction, the restructuring of spending, and a sustained implementation of the reform agenda.\n- Executive Directors suggested that bold reforms will be essential to encourage private investment and to mobilize adequate donor support for the reforms."
    },
    {
      "heading": "Key findings",
      "content": "- Poor implementation of PRGF policies and weak economic performance under the PRGF arrangement.\n- New government strategy: Economic Recovery Strategy for Wealth and Employment Creation (ERSWEC) intended to address major macroeconomic vulnerabilities.\n- Emphasis by Executive Directors on:\n  - domestic debt reduction\n  - restructuring of spending\n  - sustained implementation of the reform agenda\n- Role of reforms: essential to encourage private investment and mobilize adequate donor support."
    },
    {
      "heading": "Policy recommendations and implications",
      "content": "- Prioritize domestic debt reduction.\n- Restructure public spending to support macroeconomic stability and poverty-reduction priorities.\n- Sustain and deepen implementation of the reform agenda under ERSWEC.\n- Implement bold reforms to:\n  - encourage private investment\n  - mobilize adequate donor support for the reforms"
    },
    {
      "heading": "Subject classifications and keywords",
      "content": "- Subject: Banking, Expenditure, External debt, Imports, International trade, Poverty, Poverty reduction strategy, Public debt\n- Keywords: Africa, CR, ERSWEC programme, Global, government, Imports, ISCR, Kenyan authorities, outlay, Poverty reduction strategy, PRGF loan, PRGF-supported program, priority poverty reduction outlay, strategy, Sub-Saharan Africa\n\n---\n\n Content in this bundle\n\n- 1.     Recommended Action Plan to Improve Compliance with the\n  - 1.     Recommended Action Plan to Improve Compliance with the (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1.     Recommended Action Plan to Improve Compliance with the (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2016/12/30/kenya-request-for-a-three-year-arrangement-under-the-poverty-reduction-and-growth-facility-17101/index.md)",
    "[Structured JSON version](/en/publications/cr/issues/2016/12/30/kenya-request-for-a-three-year-arrangement-under-the-poverty-reduction-and-growth-facility-17101/index.json)",
    "[Bundle manifest](/en/publications/cr/issues/2016/12/30/kenya-request-for-a-three-year-arrangement-under-the-poverty-reduction-and-growth-facility-17101/bundle-manifest.json)",
    "Published: January 8, 2004",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451821109.002",
    "Kenya showed poor implementation of policies and weak economic performance under the Poverty Reduction and Growth Facility (PRGF) arrangement.",
    "The government formulated a new Economic Recovery Strategy for Wealth and Employment Creation (ERSWEC) aimed to address major macroeconomic vulnerabilities.",
    "Executive Directors emphasized the need for domestic debt reduction, the restructuring of spending, and a sustained implementation of the reform agenda.",
    "Executive Directors suggested that bold reforms will be essential to encourage private investment and to mobilize adequate donor support for the reforms.",
    "Poor implementation of PRGF policies and weak economic performance under the PRGF arrangement.",
    "New government strategy: Economic Recovery Strategy for Wealth and Employment Creation (ERSWEC) intended to address major macroeconomic vulnerabilities.",
    "Emphasis by Executive Directors on:",
    "Role of reforms: essential to encourage private investment and mobilize adequate donor support.",
    "Prioritize domestic debt reduction.",
    "Restructure public spending to support macroeconomic stability and poverty-reduction priorities.",
    "Sustain and deepen implementation of the reform agenda under ERSWEC.",
    "Implement bold reforms to:",
    "Subject: Banking, Expenditure, External debt, Imports, International trade, Poverty, Poverty reduction strategy, Public debt",
    "Keywords: Africa, CR, ERSWEC programme, Global, government, Imports, ISCR, Kenyan authorities, outlay, Poverty reduction strategy, PRGF loan, PRGF-supported program, priority poverty reduction outlay, strategy, Sub-Saharan Africa",
    "**1.     Recommended Action Plan to Improve Compliance with the**"
  ],
  "related": [
    {
      "title": "1.     Recommended Action Plan to Improve Compliance with the",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2004/_cr04399.pdf",
      "summary": {
        "path": "/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2004/_cr04399.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2004/_cr04399.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/cr/issues/2016/12/30/kenya-request-for-a-three-year-arrangement-under-the-poverty-reduction-and-growth-facility-17101/index.md",
    "json": "/en/publications/cr/issues/2016/12/30/kenya-request-for-a-three-year-arrangement-under-the-poverty-reduction-and-growth-facility-17101/index.json",
    "bundleManifest": "/en/publications/cr/issues/2016/12/30/kenya-request-for-a-three-year-arrangement-under-the-poverty-reduction-and-growth-facility-17101/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-13T15:49:25.724Z"
}