Title Kenya : 2011 Article IV consultation, second review under the three-year arrangement under the extended credit facility and requests for modification of performance criteria and augmentation of access : staff report, public information notice and press release on the Executive Board discussion, and statement by the Executive Director for Kenya / prepared by the African Dept., in consultation with other departments

Published Washington, D.C. : International Monetary Fund, ©2012

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Description 1 online resource (89 pages) Series IMF country report ; no. 12/14 IMF country report ; no. 12/14. Contents Cover; Contents; Acronyms; Executive Summary; I. Macroeconomic Developments and Program Implementation; II. The Issues; A. Heightened External Vulnerabilities; B. Monetary Policy and Macro-Financial Imbalances; Boxes; 1. Horn of Africa Drought and Food Crisis: Impact on Kenya; 2. Monetary Policy and Food Inflaton: A Model for Policy Analysis; III. Policy Adjustment and the ECF-supported Economic Program; 3. Is Private Sector Credit Growth Supply or Demand Driven?; A. Reining in Inflation; Figures; 1. External Stability and Sustainability Analysis; B. Consolidating the Fiscal Position C. Mitigating External ShocksD. Monitoring Financial Risks and Deepening Financial Reform; 4. Cross Border Linkages in the Kenyan Banking Sector; 2. Financial Risks, 2011; IV. Program Issues; V. Staff Appraisal; Tables; 1. Selected Economic Indicators, 2009/10-2014/15; 2a. Central Government Financial Operations; 2b. Central Government Financial Operations; 3. Monetary Survey, December 2010-December 2012; 4. Balance of Payments, 2008/09-2014/15; 5. Kenya: Financial Soundness Indicators of the Banking Sector; 6. Performance Criteria for the Second Review Under the 2011/14 ECF Arrangement 7. Proposed Timing of Disbursements and Reviews Under the 2011-14 ECF Arrangement8. Indicators of Capacity to Repay the Fund, 2010-19; Appendixes; I. Constructing A Consistent CPI Time Series for Kenya; II. Letter of Intent; Attachment I. Memorandum of Economic and Financial Policies for 2011-13 under the Three-Year Program of the Extended Credit Facility Arrangement; Attachment II. Updated Technical Memorandum of Understanding; Contents; I. Relations with the Fund; II. Joint IMF-WB Management Action Plan October 2010-September 2011; III. Key Statistical Issues Summary This paper discusses key findings of the Second Review for Kenya under the Extended Credit Facility (ECF). Program implementation during the first half of 2011 was in line with the objectives. All quantitative performance criteria and indicative targets for June 2011 have been met. The authorities have requested augmentation of access under the ECF arrangement to deal with the impact of the drought and higher-than-anticipated international prices. They have adopted additional measures to address macroeconomic imbalances Notes "January 2012." Online resource; title from PDF title page (IMF Web site, viewed January 30, 2012) Subject International Monetary Fund -- Kenya SUBJECT International Monetary Fund fast Subject Economic indicators -- Kenya Debts, External -- Kenya Debts, Public -- Kenya Debts, External Debts, Public Economic history Economic indicators Economic policy SUBJECT Kenya -- Economic conditions. http://id.loc.gov/authorities/subjects/sh85071994 Kenya -- Economic policy Subject Kenya Form Electronic book Author International Monetary Fund. ISBN 9781463942311 1463942311 1463967233 9781463967239 1463933843 9781463933845 ISSN 2227-8907

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