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such a debt rescheduling could constitute an appropriate exit strategy for Kenya. The DSA also shows that debt …
Persistent link: https://www.econbiz.de/10014398806
This paper describes Kenya’s third review under the three-year arrangement under the Extended Credit Facility (ECF) and … request for modification of performance criteria. The Executive Board approved a three-year ECF arrangement for Kenya on …
Persistent link: https://www.econbiz.de/10014396643
Based on the economic development and policies of Kenya, the staff report was prepared. GDP growth was broadly …
Persistent link: https://www.econbiz.de/10014399043
KEY ISSUES Context: Kenya has embarked on major reforms in line with the 2010 constitution. The new government has …. Kenya placed its first US$2 billion Eurobond at favorable terms, with proceeds to be used to upgrade power generation and … fiscal resources. Kenya is actively participating in the integration of East Africa, showing progress in reducing delays from …
Persistent link: https://www.econbiz.de/10014411696
expired in December 2013 with all six reviews completed, Kenya has consolidated macroeconomic stability. Growth has been …, Kenya is recognized as a frontier market increasingly integrated in global financial markets. A Eurobond debut issue of US$2 …
Persistent link: https://www.econbiz.de/10014411915
Economic activity in Kenya has remained resilient to uncertainty surrounding the elections, the impact of the European … structural reforms could unleash Kenya’s growth potential, attract foreign investment, and lay the basis for transforming the …
Persistent link: https://www.econbiz.de/10014395235
This paper presents a debt sustainability analysis for St. Lucia. The medium-term scenario prepared by the IMF staff assumes continued fiscal consolidation and thus is compatible with sustainable debt levels even in the presence of adverse economic shocks. Stress tests show that stabilizing the...
Persistent link: https://www.econbiz.de/10014410933
Timor-Leste weathered the global financial crisis well and experienced healthy economic growth rates. It has made solid progress in strengthening the public financial management systems. The budget document provides comprehensive information; fiscal transparency is high. The Ministry of Finance...
Persistent link: https://www.econbiz.de/10014402438
The Burundian government has requested a modification of the zero limit on nonconcessional external debt in the country’s arrangement under the Extended Credit Facility (ECF). It has sought to increase the grant element of the financing for the hydroelectric plant. Executive Directors support...
Persistent link: https://www.econbiz.de/10014397796
Persistent link: https://www.econbiz.de/10000962462