## Kenya: Request for a Three-Year Arrangement Under the Extended Credit Facility-Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Kenya

_IMF Staff Country Reports, February 10, 2011_

## Source details

**Canonical URL:** [Kenya: Request for a Three-Year Arrangement Under the Extended Credit Facility-Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Kenya](https://www.imf.org/en/publications/cr/issues/2016/12/31/kenya-request-for-a-three-year-arrangement-under-the-extended-credit-facility-staff-report-24636)

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## Bibliographic details
- Published: February 10, 2011
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781455217762.002

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### Economic outlook and context
- Kenya’s economy is bouncing back following multiple shocks between 2008 and 2009.
- The publication date is February 10, 2011.

### Program objectives and fiscal strategy
- The program targets a gradual reduction in the central government primary balance.
- Fiscal consolidation tools:
  - Tax reform.
  - Strict control of current spending.
- Debt objective:
  - Bring the debt-to-GDP ratio below 45 percent at the end of the program period.

### Tax policy reform priorities
- VAT reform.
- Streamlining tax incentives.
- Eliminating loopholes.
- Redesigning the tax structure is identified as a key priority despite significant strides in domestic revenue mobilization.

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/kenya-request-for-a-three-year-arrangement-under-the-extended-credit-facility-staff-report-24636_