IMF Staff Country Reports

Kenya : Request for Extension of the Stand-By Arrangement -- Press Release and Staff Report

Author/Editor:

International Monetary Fund. African Dept.

Publication Date:

March 16, 2018

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

In the attached letter dated March 6, 2018, the Kenyan authorities are requesting an extension of the Stand-By Arrangement (SBA) for Kenya (EBS/16/11) to September 14, 2018. On March 14, 2016, the Executive Board approved a 24-month SBA and a 24-month arrangement under the SCF for Kenya, which the authorities have been treating as precautionary, and are due to expire on March 13, 2018. The authorities are not requesting an extension of the SCF arrangement as this type of arrangement can be approved up to a maximum of 24-months.

Series:

Country Report No. 18/83

Subject:

Budget deficits Central bank policy Central banking and monetary issues Executive Board decisions Extended arrangement requests Financial sector Fiscal consolidation Inflation targeting Interest rates Kenya Lapse of time approval Letters of Intent Monetary policy Press releases Staff reports Stand-by arrangement extension