Kenya: Staff Report for the 2009 Article IV Consultation
IMF Staff Country Reports, January 27, 2010
Source details
- Canonical URL
- Kenya: Staff Report for the 2009 Article IV Consultation
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Bibliographic details
- Published: January 27, 2010
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451821277.002
Summary
- This paper presents the staff report for Kenya’s 2009 Article IV Consultation on economic development and policies.
- The progress Kenya achieved on the growth and poverty reduction fronts stalled in 2008 owing to a series of adverse developments, including the global economic crisis.
- The political situation is generally stable, but there appears to be constraining consensus on key issues.
- The spillover effect of the global financial crisis slowed export growth, tourism receipts, remittances, and private capital inflows.
Major themes and analysis
- Economic growth and poverty reduction:
- Progress achieved prior to 2008 stalled in 2008.
- External shocks and spillovers:
- The global financial crisis caused slower export growth, tourism receipts, remittances, and private capital inflows.
- Political context:
- The political situation is described as generally stable, but constrained by limited consensus on key issues.
Subjects and keywords
- Subject: Credit, Expenditure, Financial crises, Financial Sector Assessment Program, Financial sector policy and analysis, Fiscal policy, Public debt
- Keywords: CR, current account, exchange rate, Executive Board assessment, Financial Sector Assessment Program, foreign currency, Global, government, headline inflation, ISCR, managed float, management bill, monetary policy focus, potential GDP, public finance management
Content in this bundle
- Kenya: Staff Report for the 2009 Article IV Consultation; IMF Country Report 10/26; December 7, 2009