Kenya: 2021 Article IV Consultation; Second Reviews Under the Extended Arrangement Under the Extended Fund Facility and Under the Arrangement Under the Extended Credit Facility, and requests for Modifications of Performance Criteria and Structural Con

Author: International Monetary Fund. African Dept.

2021 Article IV Consultation; Second Reviews Under the Extended Arrangement Under the Extended Fund Facility and Under the Arrangement Under the Extended Credit Facility, and requests for Modifications of Performance Criteria and Structural Conditionality

Volume/Issue: Volume 2021 Issue 275

Publication date: December 2021

ISBN: 9781616359126

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Topics covered in this book

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Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , Business and Economics - Statistics , International - Economics , debt vulnerability , management information system module , Kenyan authorities , authorities' monetary policy stance , response to the pandemic , COVID-19 , Government debt management , Global , Africa , Sub-Saharan Africa

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Summary

Kenya’s medium-term economic outlook remains positive, supported by the authorities’ continued firm commitment to their economic program amidst a complex environment. Economic recovery is well underway, but Kenya’s Sustainable Development Goals (SDGs) have suffered significant setbacks, and poverty has increased. The authorities see the program as providing essential support for sound fiscal management ahead of the 2022 elections, reinforcing their multi-year fiscal consolidation plan to reduce debt vulnerabilities and preserve priority social and development spending.