European Parliament Library

Kenya :, Request for a Three-Year Arrangement Under the Extended Credit Facility-Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Kenya

Kenya’s economy is bouncing back following multiple shocks between 2008 and 2009. The program targets a gradual reduction in the central government primary balance through tax reform and strict control of current spending to bring the debt-to-GDP ratio below 45 percent at the end of the program period. Tax policy reform will focus on the VAT, streamlining tax incentives, and eliminating loopholes. Kenya has made significant strides in domestic revenue mobilization, but redesigning the tax structure is a key priority
Table Of Contents
Cover; Contents; Glossary; Executive Summary; I. Background; II. The Issues; A. Build Up International Reserves; Boxes; 1. Assessing the Adequacy of Kenya's Gross International Reserves; B. Need for Gradual Fiscal Consolidation; 2. Impact of Climate Change on Kenya; C. The New Constitution Will Favor Major Governance Reforms; 3. Constitutional Reforms; III. The Economic Program 2011-13; 4. The 2008 Ex-Post Assessment of Longer-Term Program Engagement; A. Fiscal Policy; Figures; 1. Recent Developments and Outlook; 2. Selected Fiscal Indicators in Kenya and Other Sub-Saharan African Countries
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (87 p.)
Specific Material Designation
Form Of Item

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