05043oam 22013094 450 991016503540332120250426110752.0978147557347314755734729781475573572147557357X(CKB)3710000001064755(MiAaPQ)EBC4807096(IMF)1KENEA20170011KENEA2017001(EXLCZ)99371000000106475520020129d2017 uf 0engurcnu||||||||rdacontentrdamediardacarrierKenya : First Review Under the Twenty-Four Month Stand-By Arrangement and the Arrangement Under the Standby Credit Facility and Requests for Waivers of Applicability, Rephasing of Disbursements, and Modification of Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for KenyaWashington, D.C. :International Monetary Fund,2017.1 online resource (83 pages) color illustrations, tables, graphsIMF Staff Country Reports9781475573152 1475573154 This paper discusses Kenya’s First Reviews Under the Twenty-Four Month Stand-by Arrangement (SBA) and the Arrangement Under the Standby Credit Facility and Requests for Waivers of Applicability, Rephasing of Disbursements, and Modification of Performance Criterion (PC). Macroeconomic developments have been broadly in line with the program, including strong growth and lower current account deficits. On fiscal policy, revenue shortfalls in FY2015/16 were more than offset by under-execution of public investment. The IMF staff recommends completion of the first reviews and supports the authorities’ requests for waivers of applicability for SBA for end-December 2016 PC, rephasing of disbursements, and modification of PC.IMF Staff Country Reports; Country Report ;No. 2017/025Economic assistanceKenyaFiscal policyKenyaInternational Monetary FundKenyaBanks and BankingimfExports and ImportsimfMoney and Monetary PolicyimfPublic FinanceimfIndustries: Financial ServicesimfInflationimfDebtimfDebt ManagementimfSovereign DebtimfInternational Lending and Debt ProblemsimfInterest Rates: Determination, Term Structure, and EffectsimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralimfPublic finance & taxationimfInternational economicsimfMonetary economicsimfBankingimfFinanceimfMacroeconomicsimfPublic debtimfExternal debtimfInterest rate policyimfCreditimfMonetary policyimfMoneyimfDebt sustainability analysisimfDebts, PublicimfDebts, ExternalimfInterest ratesimfBanks and bankingimfLoansimfKenyaEconomic conditionsKenyaimfEconomic assistanceFiscal policyInternational Monetary FundBanks and BankingExports and ImportsMoney and Monetary PolicyPublic FinanceIndustries: Financial ServicesInflationDebtDebt ManagementSovereign DebtInternational Lending and Debt ProblemsInterest Rates: Determination, Term Structure, and EffectsBanksDepository InstitutionsMicro Finance InstitutionsMortgagesMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralPublic finance & taxationInternational economicsMonetary economicsBankingFinanceMacroeconomicsPublic debtExternal debtInterest rate policyCreditMonetary policyMoneyDebt sustainability analysisDebts, PublicDebts, ExternalInterest ratesBanks and bankingLoans330.96762042DcWaIMFBOOK9910165035403321Kenya2664244UNINA