Kenya
نویسندگان
چکیده
Kenya is navigating a turbulent global backdrop marked by volatile commodity prices, slowing growth in key trading partners, and constrained frontier market access to international capital markets. At home, smooth transition following the August elections demonstrated Kenya’s increasing institutional strengths, while multi-season drought has worsened food insecurity for vulnerable populations arid semi-arid regions kept prices elevated. Strong tax overperformance FY2021/22 helped cushion some of these shocks, administration President Ruto eliminated petrol subsidies their first week office. Inflation breached central bank (CBK) target band, monetary policy been tightened 175 basis points this year. Foreign reserves are adequate, but lower than previously projected given shortfalls external public commercial project financing, spending cuts FY2022/23 also extending externally-financed projects, prospects continued challenging conditions economies into 2023.
منابع مشابه
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ژورنال
عنوان ژورنال: IMF country report
سال: 2022
ISSN: ['1934-7685', '2227-8907']
DOI: https://doi.org/10.5089/9798400226045.002