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

April 24, 2012

Preview Citation

Format: Chicago

Kenya: Third Review Under the Three-Year Arrangement Under the Extended Credit Facility and Request for Modification of Performance Criteria: Staff Report; Press Release, (USA: International Monetary Fund, 2012) accessed November 23, 2024

Summary

This paper describes Kenya’s third review under the three-year arrangement under the Extended Credit Facility (ECF) and request for modification of performance criteria. The Executive Board approved a three-year ECF arrangement for Kenya on January 31, 2011, which has been augmented on December 9, 2011 for a total of SDR 488.520 million. The authorities’ primary fiscal balance outcome was in line with the program and consistent with a decline in the government debt-to-GDP ratio. Implementation of structural benchmarks has overall proceeded as expected.

Subject: Banking, Credit, Expenditure, Financial institutions, Fiscal policy, Fiscal stance, Loans, Money, Public debt

Keywords: Africa, Balance of payments, Core inflation, CR, Credit, Disbursement of SDR, Earnings, ECF arrangement, Fiscal stance, Global, IMF's executive board, ISCR, Loans, SDR

Publication Details

Pages:

47
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/097
Stock No:

1KENEA2012003
ISBN:

9781475503012
ISSN:

1934-7685

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