Kenya: Sixth and Final Review Under the Three-Year Arrangement Under the Extended Credit Facility

December 11, 2013

Preview Citation

Format: Chicago

Kenya: Sixth and Final Review Under the Three-Year Arrangement Under the Extended Credit Facility, (USA: International Monetary Fund, 2013) accessed November 21, 2024

Summary

This paper discusses Kenya’s Sixth and Final Review Under the Three-Year Arrangement Under the Extended Credit Facility. Fiscal consolidation and the introduction of major reforms contributed to the program’s success despite emerging challenges. All end-June 2013 quantitative targets were met. Net domestic assets and net foreign assets were comfortably within the program bounds. The authorities’ primary fiscal balance outcome was in line with the program, and priority social expenditure was above the program’s indicative target. The structural benchmark on auditing of compliance with value-added tax obligations by 50 large taxpayers before June 2013 was fulfilled. The IMF staff recommends completion of the review.

Subject: Banking, Expenditure, External debt, External position, Public debt, Public financial management (PFM)

Keywords: Central bank of Kenya, CR, Global, ISCR, Keeping inflation expectation, Macroeconomic condition, Net, Policy, Policy ownership, Public finance

Publication Details

Pages:

38
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/358
Stock No:

1KENEA2013002
ISBN:

9781475592900
ISSN:

1934-7685

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