Kenya: First Review Under the Three-Year Arrangement Under the Extended Credit Facility, Request for Waivers and Modification of Performance Criteria: Staff Report; Press Release

July 7, 2011

Preview Citation

Format: Chicago

Kenya: First Review Under the Three-Year Arrangement Under the Extended Credit Facility, Request for Waivers and Modification of Performance Criteria: Staff Report; Press Release, (USA: International Monetary Fund, 2011) accessed November 21, 2024

Summary

Based on the economic development and policies of Kenya, the staff report was prepared. GDP growth was broadly supported by both private and public investment. Policy issues related to monetary tightening to reign in inflationary expectations, medium-term, monitoring and emerging financial risks and gradual fiscal consolidation are discussed. A waiver for the nonobservance of the performance criteria on net domestic asset (NDA) and net international reserves (NIR) is outlined. A comprehensive public financial management at both the central and county government levels was introduced as a structural reform.

Subject: Budget planning and preparation, Expenditure, Food prices, Fuel prices, Inflation, Prices, Public debt, Public financial management (PFM)

Keywords: Africa, Budget planning and preparation, CR, Disbursement of SDR, Economic reform program, Executive board's decision, Global, Increase accountability, Inflation, ISCR, Public finance, SDR

Publication Details

Pages:

60
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/165
Stock No:

1KENEA2011002
ISBN:

9781455294701
ISSN:

1934-7685

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