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Kenya: Ex Post Assessment of Longer-Term Program Engagement

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  • International Monetary Fund

Abstract

This paper discusses key findings of the Ex Post Assessment (EPA) of Longer-Term Program Engagement paper for Kenya. This EPA focuses on 1993–2007, when Kenya was engaged in four successive IMF arrangements. Macroeconomic policy design was broadly appropriate, and implementation was generally sound. Growth slowed in the 1990s, but picked up after the 2002 elections, reflecting buoyant global conditions, structural reforms, and a surge of private capital inflows. Monetary policies were complicated by a reluctance to allow for full interest and exchange rate flexibility.

Suggested Citation

  • International Monetary Fund, 2008. "Kenya: Ex Post Assessment of Longer-Term Program Engagement," IMF Staff Country Reports 2008/338, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2008/338
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=22423
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    Cited by:

    1. Florence Dafe & Dennis Essers & Ulrich Volz, 2018. "Localising sovereign debt: The rise of local currency bond markets in sub‐Saharan Africa," The World Economy, Wiley Blackwell, vol. 41(12), pages 3317-3344, December.
    2. Mr. Abdul d Abiad & Ms. Petya Koeva Brooks & Ms. Irina Tytell & Mr. Daniel Leigh & Mr. Ravi Balakrishnan, 2009. "What’s the Damage? Medium-term Output Dynamics After Banking Crises," IMF Working Papers 2009/245, International Monetary Fund.

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