## 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](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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## Bibliographic details
- Published: June 18, 2009
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451821246.002

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### 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.

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_Source: 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_