KENYA Staff Report for the 2001 Article IV Consultation: Staff Report for the 2001 Article IV Consultation
IMF Staff Country Reports, April 19, 2002
Source details
- Canonical URL
- KENYA Staff Report for the 2001 Article IV Consultation: Staff Report for the 2001 Article IV Consultation
Other formats
Bibliographic details
- Published: April 19, 2002
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451821086.002
Summary findings
- Kenya’s economic performance during the past decade has been well below its potential.
- The poor performance reflects the failure to sustain prudent macroeconomic policies and the slow pace of structural reform.
- Kenya’s real per capita GDP is now lower than it was in 1990.
- Poverty is much more prevalent compared with a decade earlier.
- Executive Directors commended the authorities for achieving a measure of macroeconomic stability during recent years, in difficult circumstances.
- Executive Directors stressed the importance of departing from the “stop-go” policies of the 1990s to help obtain tangible results.
Key subject areas and keywords
- Subject: Banking, Commercial banks, Corruption, Crime, Expenditure, External debt, Financial institutions, Public debt
- Keywords: Commercial banks, Corruption, CR, debt service, East Africa, GDP, government, government move, ISCR, KACA case, Kenya, Kenyan authorities, Southern Africa, tariff reform strategy
Policy emphasis and recommendations (as highlighted)
- Sustain prudent macroeconomic policies to reverse the decline in real per capita GDP.
- Accelerate structural reforms to address the underlying causes of weak growth and increased poverty.
- Move away from “stop-go” policy cycles characteristic of the 1990s to achieve tangible, sustained results.
- Maintain and deepen measures that have contributed to recent macroeconomic stability.
Source: KENYA Staff Report for the 2001 Article IV Consultation: Staff Report for the 2001 Article IV Consultation (IMF Staff Country Reports), April 19, 2002.