Kenya: Staff Report for the 2003 Article IV Consultation

July 9, 2003

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Kenya: Staff Report for the 2003 Article IV Consultation, (USA: International Monetary Fund, 2003) accessed November 23, 2024

Summary

Kenya showed low economic performance owing to governance problems and the slow pace of structural reforms. Executive Directors emphasized the need to lower public debt and tighten fiscal and monetary policies. They commended the anticorruption strategy and advised to improve governance, reform the tax system, and ensure fiscal sustainability. They stressed the need to align the Poverty Reduction Strategy Program (PRSP) to the budget and to strengthen public expenditure policy and banking supervision. They welcomed the decision of implementing the full PRSP and emphasized the need to implement the program without interruption.

Subject: Commercial banks, Expenditure, External debt, Financial institutions, Imports, International trade, Public debt

Keywords: Anticorruption legislation, Borrowing requirement, Commercial banks, Corruption legislation, CR, Donor assistance, East Africa, Government, Imports, ISCR, Legislation, Staff projection, Supplementary budget

Publication Details

Pages:

71
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/199
Stock No:

1KENEA0012003
ISBN:

9781451821079
ISSN:

1934-7685

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