{
  "title": "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",
  "publication": "IMF Staff Country Reports, June 18, 2009",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/kenya-request-for-disbursement-under-the-rapid-access-component-of-the-exogenous-shocks-23034",
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  "summary": "Kenya’s strong economic performance in recent years with real GDP growth of 6 percent on average over 2004–07 has been stalled by a series of exogenous but temporary shocks that hit the economy in 2008.",
  "sections": [
    {
      "heading": "Summary and context",
      "content": "- Kenya experienced real GDP growth of 6 percent on average over 2004–07.\n- Economic performance was stalled by a series of exogenous but temporary shocks that hit the economy in 2008.\n- The staff report highlights Kenya's request for Disbursement under the Rapid-Access Component of the Exogenous Shocks Facility."
    },
    {
      "heading": "Macroeconomic developments",
      "content": "- Real GDP growth: 6 percent on average over 2004–07.\n- Shock timing: 2008 (series of exogenous but temporary shocks)."
    },
    {
      "heading": "Policy response",
      "content": "- Monetary policy:\n  - Eased to support economic activity.\n- Fiscal policy:\n  - Focused on reprioritizing expenditure.\n- Structural policies:\n  - Focused on improving the food distribution mechanism for better access to staples for an estimated 10 million food-deficient Kenyans."
    },
    {
      "heading": "Subject coverage and keywords",
      "content": "- Subjects: Central banks, Debt sustainability analysis, External debt, Imports, International reserves, International trade, Public debt.\n- Keywords: Africa, CR, Debt sustainability analysis, financing gap, financing terms, fund support, Global, Imports, International reserves, ISCR, Kenya, managed float, NPV, price distortion, support.\n\n---\n\n Content in this bundle\n\n- cr09191\n  - cr09191 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr09191 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: June 18, 2009",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451821246.002",
    "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.",
    "Real GDP growth: 6 percent on average over 2004–07.",
    "Shock timing: 2008 (series of exogenous but temporary shocks).",
    "Monetary policy:",
    "Fiscal policy:",
    "Structural policies:",
    "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.",
    "**_cr09191**"
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