IMF Staff Country Reports

Kenya : Staff Report for the 2018 Article IV Consultation and Establishment of Performance Criteria for the Second Review Under the Stand-by Arrangement

Author/Editor:

International Monetary Fund. African Dept.

Publication Date:

October 23, 2018

Electronic Access:

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

Summary:

Kenya has enjoyed strong growth in recent years and external imbalances have narrowed, strengthening resilience to shocks. The business environment continues to improve, supporting private investment. However, a severe drought, an extended presidential election, and weak bank lending—due in part to interest rate controls—slowed growth in 2017. With better weather and a stable political environment, growth should improve in 2018. But public debt has risen as revenue shortfalls have not been matched by spending cuts.

Series:

Country Report No. 18/295

Subject:

Article IV consultation reports Corporate taxes Economic indicators Exchange rate policy Financial stability Fiscal consolidation Fiscal reforms Letters of Intent Monetary policy Performance criteria Poverty and inequality Press releases Staff reports Stand-by arrangement reviews