Kenya: Debt Sustainability Analysis

January 8, 2004

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Kenya: Debt Sustainability Analysis, (USA: International Monetary Fund, 2004) accessed September 20, 2024

Summary

This report of the Debt Sustainability Analysis (DSA) indicates that the envisaged strategy of a partial substitution of domestic debt by increased inflows of external grants and concessional loans, as well as a rescheduling of external debt by the Paris and London Clubs, would facilitate the achievement of debt sustainability. The DSA also confirms that such a debt rescheduling could constitute an appropriate exit strategy for Kenya. The DSA also shows that debt sustainability would improve significantly with a concessional rescheduling, particularly under the Naples terms.

Subject: Arrears, Debt service, Debt service ratios, External debt, Public debt

Keywords: Arrears, Arrears clearance, CBK debt, CR, Debt indicator, Debt service, Debt service ratios, Debt-creating flow, Debt-to-exports ratio, Financing gap, ISCR, NPV of contingent liabilities, Ratio, Ratio of debt service

Publication Details

Pages:

12
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/400
Stock No:

1KENEA0062003
ISBN:

9781451821116
ISSN:

1934-7685

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