Kenya.
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TextSeries: IMF Staff Country Reports, Country Report ; No. 09/225Publication details: Washington, D.C. : International Monetary Fund, 2009Description: 1 online resource (105 p.)ISBN: 1451821263 :ISSN: 1934-7685Subject(s): Announcements | Article IV Consultation Reports | Budgetary Policy | Extended Arrangement Requests | Financial Sector | Performance Criteria WaiversAdditional physical formats: Print Version:: KenyaOnline resources: IMF e-Library | IMF Book Store Abstract: This 2004 Article IV Consultation highlights that monetary policy of Kenya has been expansionary since 2003/04 to promote economic growth. This has, however, contributed to the recent rise in inflation. Executive Directors have observed the progress that has been made under the Poverty Reduction and Growth Facility (PRGF)-supported program, which has contributed to a rebound in economic growth and arrested the rise in domestic debt. However, Directors have noted that Kenya faces serious challenges. In particular, growth remains too slow for making inroads into poverty, and governance remains a critical concern.
This 2004 Article IV Consultation highlights that monetary policy of Kenya has been expansionary since 2003/04 to promote economic growth. This has, however, contributed to the recent rise in inflation. Executive Directors have observed the progress that has been made under the Poverty Reduction and Growth Facility (PRGF)-supported program, which has contributed to a rebound in economic growth and arrested the rise in domestic debt. However, Directors have noted that Kenya faces serious challenges. In particular, growth remains too slow for making inroads into poverty, and governance remains a critical concern.
Description based on print version record.
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