Kenya: 2021 Article IV Consultation; Second Reviews Under the Extended Arrangement Under the Extended Fund Facility and Under the Arrangement Under the Extended Credit Facility, and requests for Modifications of Performance Criteria and Structural Conditionality-Press Release; and Staff Report

December 22, 2021

Summary

Kenya’s medium-term economic outlook remains positive, supported by the authorities’ continued firm commitment to their economic program amidst a complex environment. Economic recovery is well underway, but Kenya’s Sustainable Development Goals (SDGs) have suffered significant setbacks, and poverty has increased. The authorities see the program as providing essential support for sound fiscal management ahead of the 2022 elections, reinforcing their multi-year fiscal consolidation plan to reduce debt vulnerabilities and preserve priority social and development spending.

Subject: COVID-19, External debt, Government debt management, Health, International organization, Monetary policy, Public debt, Public financial management (PFM), Revenue administration

Keywords: Africa, authorities' monetary policy stance, COVID-19, debt vulnerability, Global, Government debt management, Kenyan authorities, management information system module, response to the pandemic, Sub-Saharan Africa

Pages:
162
Volume:
2021
DOI:
https://doi.org/10.5089/9781616358709.002
Issue:
275
Series:
Country Report No. 2021/275
Stock No:
1KENEA2021004
ISBN:
9781616358709
ISSN:
1934-7685

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