Kenya : request for a three-year arrangement under the extended credit facility : staff report, press release on the Executive Board discussion, and statement by the Executive Director for Kenya /

Kenya : request for a three-year arrangement under the extended credit facility : staff report, press release on the Executive Board discussion, and statement by the Executive Director for Kenya /

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Bibliographic Details
Imprint:Washington, D.C. : International Monetary Fund, ©2011.
Description:1 online resource (86 pages).
Language:English
Series:IMF country report ; no. 11/48
IMF country report ; no. 11/48.
Subject:
International Monetary Fund -- Kenya.
International Monetary Fund.
Economic indicators -- Kenya.
Debts, Public -- Kenya.
Debts, External -- Kenya.
Debts, External.
Debts, Public.
Economic history.
Economic indicators.
Economic policy.
Kenya -- Economic conditions.
Kenya -- Economic policy.
Kenya.
Electronic books.
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12499091
Hidden Bibliographic Details
Varying Form of Title:Kenya, request for a three-year arrangement under the extended credit facility
Other authors / contributors:International Monetary Fund. African Department.
ISBN:9781455229680
1455229687
9781455233717
1455233714
9781455217762
145521776X
ISSN:2227-8907
Notes:Online resource; title from PDF title page (IMF website, viewed June 13, 2011).
Summary:Kenya's economy is bouncing back following multiple shocks between 2008 and 2009. The program targets a gradual reduction in the central government primary balance through tax reform and strict control of current spending to bring the debt-to-GDP ratio below 45 percent at the end of the program period. Tax policy reform will focus on the VAT, streamlining tax incentives, and eliminating loopholes. Kenya has made significant strides in domestic revenue mobilization, but redesigning the tax structure is a key priority.
Other form:Print version: International Monetary Fund. Kenya : request for a three-year arrangement under the extended credit facility : staff report, press release on the Executive Board discussion, and statement by the Executive Director for Kenya. Washington, District of Columbia : International Monetary Fund, ©2011 85 pages IMF country report ; Number 11/48 9781455217762
Standard no.:10.5089/9781455233717.002
Table of Contents:
  • Cover; Contents; Glossary; Executive Summary; I. Background; II. The Issues; A. Build Up International Reserves; Boxes; 1. Assessing the Adequacy of Kenya's Gross International Reserves; B. Need for Gradual Fiscal Consolidation; 2. Impact of Climate Change on Kenya; C. The New Constitution Will Favor Major Governance Reforms; 3. Constitutional Reforms; III. The Economic Program 2011-13; 4. The 2008 Ex-Post Assessment of Longer-Term Program Engagement; A. Fiscal Policy; Figures; 1. Recent Developments and Outlook; 2. Selected Fiscal Indicators in Kenya and Other Sub-Saharan African Countries.
  • 5. Medium-Term Debt Management StrategyB. Monetary and Financial Policies; 3. Credit Market Developments in Kenya and Comparable Countries, 2007-10; 6. Financial Sector Deepening and Modernization; IV. Program Modalities and Risks; V. Staff Appraisal; Tables; 1. Selected Economic Indicators, 2008/09-2013/14; 2. Central Government Financial Operations; 3. Monetary Survey, December 2008-December 2011; 4. Balance of Payments, 2007/08-2014/15; 5. Financial Soundness Indicators of the Banking Sector; 6. Proposed Timing of Purchases and Reviews under the 2011-14 ECF Arrangement.
  • 7. Indicators of Capacity to Repay the Fund, 2010-19Appendixes; I. Letter of Intent; Attachment 1. Memorandum of Economic and Financial Policies for 2011-13; Attachment 2. Technical Memorandum of Understanding; Contents; I. Relations with the Fund; II. World Bank and IMF Collaboration-JMAP Implementation 2010-11; III. Key Statistical Issues.

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