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Kenya [electronic resource] : Request for an Extension of the Arrangement Under the Extended Credit Facility-Press Release; and Staff Report / International Monetary Fund. African Dept.

Author/Creator:
International Monetary Fund. African Department.
Publication:
Washington, D.C. : International Monetary Fund, 2016.
Series:
IMF eLibrary
IMF Staff Country Reports
IMF Staff Country Reports
Format/Description:
Government document
Book
1 online resource (5 p.)
Summary:
This paper requests an extension of the 12-month Stand By Arrangement and the Standby Credit Facility Arrangement to obtain enough time to finalize fiscal measures for 2015/16 and implement structural measures under the program. Although at a slower-than-projected pace, the economy continued to expand robustly. Driven by public infrastructure spending, buoyant credit growth, and strong customer demand, real GDP is estimated to have grown by 5.6 percent in 2015. As per the staff's assessment based on recent data, performance under the current program remains broadly satisfactory. Staff fully supports the authorities' request for extensions of the arrangements through March 15, 2016.
Notes:
Part of the IMF eLibrary collection.
Description based on print version record.
Contributor:
International Monetary Fund. African Department.
Other format:
Print Version: Kenya : Request for an Extension of the Arrangement Under the Extended Credit Facility-Press Release; and Staff Report.
ISBN:
1498319947
9781498319942
ISSN:
1934-7685
Publisher Number:
10.5089/9781498319942.002 doi
Access Restriction:
Restricted for use by site license.
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