Hidden Bibliographic Details
| Varying Form of Title: | Kenya, request for stand-by arrangement
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| Other authors / contributors: | International Monetary Fund.
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| ISBN: | 9781484357132
1484357132
1484355237
9781484355237
9781484355237
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| Notes: | "February 2015."
"January 16, 2015"--Page 2 of pdf.
Includes bibliographical references.
Online resource; title from pdf title page (IMF Web site, viewed February 9, 2015).
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| Summary: | Following the approval of a new constitution in 2010, the authorities have embarked on important reforms including fiscal devolution, VAT reform, and the overhaul of the expenditure management framework. Supported by a three-year ECF, which expired in December 2013 with all six reviews completed, Kenya has consolidated macroeconomic stability. Growth has been robust, inflation contained, debt remained sustainable and reserve buffers increased (Tables 1a and 1b and Figures 1 and 2). This progress in a market-friendly environment has continued to attract the interest of foreign investors. As a result, Kenya is recognized as a frontier market increasingly integrated in global financial markets. A Eurobond debut issue of US$2 billion (the largest in SSA so far) took place successfully in June followed by a $750 million re-tap in December.
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| Other form: | Print version: Kenya : request for stand-by arrangement and an arrangement under the standby credit facility - staff report; pres release; statement by the executive director for Kenya. Washington, District of Columbia : International Monetary Fund, ©2015 1 volume (various pagings) IMF Country Report ; Number 15/31 9781484355237
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| Standard no.: | 10.5089/9781484355237.002
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