Kenya: Requests for an Extended Arrangement Under the Extended Fund Facility and an Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Kenya

April 6, 2021

Preview Citation

Format: Chicago

Kenya: Requests for an Extended Arrangement Under the Extended Fund Facility and an Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Kenya, (USA: International Monetary Fund, 2021) accessed December 21, 2024

Summary

Kenya has been hit hard by the COVID-19 pandemic. Despite a forceful policy response by the authorities, the socio-economic impact has been significant. The shock has also exacerbated the country’s pre-existing fiscal vulnerabilities, pushing Kenya into high risk of debt distress. While the economy is now recovering, fiscal and balance-of-payments financing needs remain sizable over the medium term.

Subject: COVID-19, Credit, External debt, Health, International organization, Monetary policy, Money, Public debt, Revenue administration

Keywords: COVID-19, Credit, Debt vulnerability, Development partner, ECF arrangement, Financing package, Financing strategy, Global, Kenya's debt, Procurement information portal, Support package

Publication Details

Pages:

121
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2021/072
Stock No:

1KENEA2021002
ISBN:

9781513576633
ISSN:

1934-7685

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