Kenya: Poverty Reduction Strategy Papers: 2003/2004 and 2004/2005: Joint Staff Advisory Note

IMF Staff Country Reports, May 10, 2007

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This paper presents a Joint Staff Advisory Note on Kenya’s Poverty Reduction Strategy Papers.
Kenya is implementing the three-tiered East Africa Community (EAC) common external tariff and needs to develop a trade strategy, in agreement with other EAC members, that further lowers trade barriers against the rest of the world.
As the government works toward meeting the remaining benchmarks, steps should be taken to consolidate public financial management reforms along with regular reviews of the existing plans to better prioritize, coordinate, and monitor reform measures.

Trade integration:
- Implementation of the three-tiered East Africa Community (EAC) common external tariff is underway.
- A coordinated trade strategy with other EAC members is needed to further lower trade barriers against the rest of the world.
Public financial management (PFM) and reform monitoring:
- Consolidation of public financial management reforms is necessary.
- Regular reviews of existing plans are recommended to better prioritize, coordinate, and monitor reform measures.
Governance and related cross-cutting issues:
- The report touches on subject areas including Budget planning and preparation, Corruption, Crime, Expenditure, Health, and Public financial management (PFM).

Develop a trade strategy in agreement with other EAC members to further lower trade barriers against the rest of the world.
Consolidate public financial management reforms.
Institute regular reviews of existing plans to:
- Better prioritize reform measures.
- Improve coordination of reforms.
- Strengthen monitoring of reform implementation.