Kenya: Request for Disbursement Under the Rapid-Access Component of the Exogenous Shocks Facility: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Kenya

June 18, 2009

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Kenya: Request for Disbursement Under the Rapid-Access Component of the Exogenous Shocks Facility: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Kenya, (USA: International Monetary Fund, 2009) accessed November 22, 2024

Summary

Kenya’s strong economic performance in recent years with real GDP growth of 6 percent on average over 2004–07 has been stalled by a series of exogenous but temporary shocks that hit the economy in 2008. The staff report highlights Kenya's request for Disbursement under the Rapid-Access Component of the Exogenous Shocks Facility. Monetary policy has been eased to support economic activity and fiscal policy focused on reprioritizing expenditure. Structural policies have focused on improving the food distribution mechanism for better access to staples for an estimated 10 million food-deficient Kenyans.

Subject: Central banks, Debt sustainability analysis, External debt, Imports, International reserves, International trade, Public debt

Keywords: Africa, CR, Debt sustainability analysis, Financing gap, Financing terms, Fund support, Global, Imports, International reserves, ISCR, Kenya, Managed float, NPV, Price distortion, Support

Publication Details

Pages:

64
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/191
Stock No:

1KENEA2009003
ISBN:

9781451821246
ISSN:

1934-7685

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