KENYA Staff Report for the 2001 Article IV Consultation: Staff Report for the 2001 Article IV Consultation

April 19, 2002

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KENYA Staff Report for the 2001 Article IV Consultation: Staff Report for the 2001 Article IV Consultation, (USA: International Monetary Fund, 2002) accessed November 21, 2024

Summary

This 2001 Article IV Consultation highlights that Kenya’s economic performance during the past decade has been well below its potential. This reflects the failure to sustain prudent macroeconomic policies and the slow pace of structural reform. Consequently, Kenya’s real per capita GDP is now lower than it was in 1990, and poverty is much more prevalent. Executive Directors have commended the authorities for achieving a measure of macroeconomic stability during recent years, in difficult circumstances. To help obtain tangible results, they have stressed the importance of departing from the “stop-go” policies of the 1990s.

Subject: Banking, Commercial banks, Corruption, Crime, Expenditure, External debt, Financial institutions, Public debt

Keywords: Commercial banks, Corruption, CR, Debt service, East Africa, GDP, Government, Government move, ISCR, KACA case, Kenya, Kenyan authorities, Southern Africa, Tariff reform strategy

Publication Details

Pages:

97
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/085
Stock No:

1KENEA0022002
ISBN:

9781451821086
ISSN:

1934-7685

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