Kenya: Request for Disbursement Under the Rapid-Access Component of the Exogenous Shocks Facility: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Kenya
IMF Staff Country Reports, June 18, 2009
Source details
- Canonical URL
- Kenya: Request for Disbursement Under the Rapid-Access Component of the Exogenous Shocks Facility: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Kenya
Other formats
Bibliographic details
- Published: June 18, 2009
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451821246.002
Summary and context
- Kenya experienced real GDP growth of 6 percent on average over 2004–07.
- Economic performance was stalled by a series of exogenous but temporary shocks that hit the economy in 2008.
- The staff report highlights Kenya's request for Disbursement under the Rapid-Access Component of the Exogenous Shocks Facility.
Macroeconomic developments
- Real GDP growth: 6 percent on average over 2004–07.
- Shock timing: 2008 (series of exogenous but temporary shocks).
Policy response
- Monetary policy:
- Eased to support economic activity.
- Fiscal policy:
- Focused on reprioritizing expenditure.
- Structural policies:
- Focused on improving the food distribution mechanism for better access to staples for an estimated 10 million food-deficient Kenyans.
Subject coverage and keywords
- Subjects: Central banks, Debt sustainability analysis, External debt, Imports, International reserves, International trade, Public debt.
- Keywords: Africa, CR, Debt sustainability analysis, financing gap, financing terms, fund support, Global, Imports, International reserves, ISCR, Kenya, managed float, NPV, price distortion, support.