Kenya: Selected Issues
Volume/Issue:
Volume 2008
Issue 337
Publication date: October 2008
ISBN: 9781451821192
$20.00
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Topics covered in this book
This title contains information about the following subjects.
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Banks and Banking , Exports and Imports , Economics- Macroeconomics , Public Finance , ISCR , CR , Kenya , GDP , debt management strategy , public debt-to-GDP ratio , upper bound , public debt ratio , institutional investor , Real effective exchange rates , Exports , Current account deficits , Global
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Summary
This Selected Issues paper on Kenya reviews Kenya’s external stability in a context where the exchange rate has strengthened and capital inflows are playing an increasingly important role. Kenya’s external current account deficit has widened, reflecting strong import volumes as well as rising import prices, particularly for oil, but external debt as a percent of GDP has declined steadily. Underlying these developments have been a steady increase in capital inflows and a remarkable rebound of economic growth since 2003 after two decades of stagnation.
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