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Kenya: Third Review Under the Three-Year Arrangement Under the Extended Credit Facility and Request for Modification of Performance Criteria: Staff Report; Press Release

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  • International Monetary Fund

Abstract

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 January 31, 2011, which has been augmented on December 9, 2011 for a total of SDR 488.520 million. The authorities’ primary fiscal balance outcome was in line with the program and consistent with a decline in the government debt-to-GDP ratio. Implementation of structural benchmarks has overall proceeded as expected.

Suggested Citation

  • International Monetary Fund, 2012. "Kenya: Third Review Under the Three-Year Arrangement Under the Extended Credit Facility and Request for Modification of Performance Criteria: Staff Report; Press Release," IMF Staff Country Reports 2012/097, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2012/097
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