Author: Weltbankgruppe
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
The Kenya CEM has five main messages. First, Kenya has performed well in the past decade in terms of economic growth, and modern services are behind the acceleration of growth. Expansion in these services, such as financial intermediation and mobile communications have stimulated demand for other services such as trade. The CEM discusses how to maximize the potential of services, especially given that most formal, high quality jobs are created in this sector. Second, agriculture, which still contributes to over a quarter of the economy, and manufacturing have stagnated. The CEM discusses the reasons behind this stagnation, noting that agriculture and manufacturing have not been able to create enough jobs for Kenya's growing working age population. Most of the jobs are created by the informal economy and are concentrated in low productivity segments of trade, hospitality, and jua kali. Improving the ease of doing business is one way towards job creation and higher productivity. However there is still a need for creating job opportunities for the rural poor, for poverty reduction and achieving shared prosperity. Reviving agriculture, in particular, remains the pathway for poverty reduction. Third, accelerating growth to meet Kenya's development goals requires technological advances and innovation that raise firms' productivity. Fourth, achieving rapid growth will require macroeconomic stability to boost investment and savings. And as the government strives to build Kenya's energy and transport infrastructure, this needs to be complemented with improvements in the public investment management process and better execution. Fifth, the discovery of oil opens a possibility for raising Kenya's growth. Kenya's recent oil discoveries, if used prudently, can contribute to achieving the Vision 2030 goals. The World Bank Group is proud of its long-standing relationship with Kenya, and looks forward to continuous collaboration with both National and County Governments and other partners. Working together, Kenya can realize its potential to lift millions of families out of poverty and achieve shared prosperity.
Kenya Country Economic Memorandum
Author: Weltbankgruppe
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
The Kenya CEM has five main messages. First, Kenya has performed well in the past decade in terms of economic growth, and modern services are behind the acceleration of growth. Expansion in these services, such as financial intermediation and mobile communications have stimulated demand for other services such as trade. The CEM discusses how to maximize the potential of services, especially given that most formal, high quality jobs are created in this sector. Second, agriculture, which still contributes to over a quarter of the economy, and manufacturing have stagnated. The CEM discusses the reasons behind this stagnation, noting that agriculture and manufacturing have not been able to create enough jobs for Kenya's growing working age population. Most of the jobs are created by the informal economy and are concentrated in low productivity segments of trade, hospitality, and jua kali. Improving the ease of doing business is one way towards job creation and higher productivity. However there is still a need for creating job opportunities for the rural poor, for poverty reduction and achieving shared prosperity. Reviving agriculture, in particular, remains the pathway for poverty reduction. Third, accelerating growth to meet Kenya's development goals requires technological advances and innovation that raise firms' productivity. Fourth, achieving rapid growth will require macroeconomic stability to boost investment and savings. And as the government strives to build Kenya's energy and transport infrastructure, this needs to be complemented with improvements in the public investment management process and better execution. Fifth, the discovery of oil opens a possibility for raising Kenya's growth. Kenya's recent oil discoveries, if used prudently, can contribute to achieving the Vision 2030 goals. The World Bank Group is proud of its long-standing relationship with Kenya, and looks forward to continuous collaboration with both National and County Governments and other partners. Working together, Kenya can realize its potential to lift millions of families out of poverty and achieve shared prosperity.
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
The Kenya CEM has five main messages. First, Kenya has performed well in the past decade in terms of economic growth, and modern services are behind the acceleration of growth. Expansion in these services, such as financial intermediation and mobile communications have stimulated demand for other services such as trade. The CEM discusses how to maximize the potential of services, especially given that most formal, high quality jobs are created in this sector. Second, agriculture, which still contributes to over a quarter of the economy, and manufacturing have stagnated. The CEM discusses the reasons behind this stagnation, noting that agriculture and manufacturing have not been able to create enough jobs for Kenya's growing working age population. Most of the jobs are created by the informal economy and are concentrated in low productivity segments of trade, hospitality, and jua kali. Improving the ease of doing business is one way towards job creation and higher productivity. However there is still a need for creating job opportunities for the rural poor, for poverty reduction and achieving shared prosperity. Reviving agriculture, in particular, remains the pathway for poverty reduction. Third, accelerating growth to meet Kenya's development goals requires technological advances and innovation that raise firms' productivity. Fourth, achieving rapid growth will require macroeconomic stability to boost investment and savings. And as the government strives to build Kenya's energy and transport infrastructure, this needs to be complemented with improvements in the public investment management process and better execution. Fifth, the discovery of oil opens a possibility for raising Kenya's growth. Kenya's recent oil discoveries, if used prudently, can contribute to achieving the Vision 2030 goals. The World Bank Group is proud of its long-standing relationship with Kenya, and looks forward to continuous collaboration with both National and County Governments and other partners. Working together, Kenya can realize its potential to lift millions of families out of poverty and achieve shared prosperity.
Kenya, Country Economic Memorandum
Author:
Publisher:
ISBN:
Category : Economic assistance
Languages : en
Pages : 120
Book Description
Publisher:
ISBN:
Category : Economic assistance
Languages : en
Pages : 120
Book Description
Kenya
Author: World Bank
Publisher:
ISBN:
Category :
Languages : en
Pages : 137
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 137
Book Description
Kenya
Author: World Bank
Publisher:
ISBN:
Category :
Languages : en
Pages : 137
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 137
Book Description
Economic Memorandum on Kenya
Author:
Publisher:
ISBN:
Category : Kenya
Languages : en
Pages : 108
Book Description
Publisher:
ISBN:
Category : Kenya
Languages : en
Pages : 108
Book Description
Kenya
Author: Weltbank
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
This Country Economic Memorandum (CEM) - the first since 1995 - is a contribution to the government's economic recovery strategy, and to its Poverty Reduction Strategy Paper (PRSP), being finalized. It examines Kenya's economic performance during the past decade, and identifies the structural weaknesses that have contributed to the decline in productivity, and the competitiveness of the economy during this period. It also recommends policy, and institutional reforms to revitalize economic growth, and to reduce poverty. The message from the CEM is a sober one: increased poverty is the legacy from almost two decades of slow growth; and, the burden of disease, particularly malaria and HIV/AIDS will constrain growth in the years to come. However, given the improved economic policy environment, the potential for economic growth is significantly better than the poor performance in the 1990s would indicate. But even in our high-case scenario Kenya is unlikely to reach the Millennium Development Goal of cutting in half by 2015 the proportion of Kenyans living in poverty in 1990. Reducing poverty will remain a tremendous challenge. The CEM is organized into six chapters. Chapter 1 reviews recent economic developments, and Kenya's integration with the world economy. Chapter 2 discusses trends in poverty, and focuses on the long term economic factors that affect productivity, and institutional effectiveness. Chapters 3-5 provide detailed analyses of the agricultural, manufacturing, and services sectors, identifying specific cross-sectoral issues, and, recommending policy, and institutional reforms to promote broad-based economic growth. Finally, chapter 6 discusses the investment climate, and its relationship to private sector investment.
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
This Country Economic Memorandum (CEM) - the first since 1995 - is a contribution to the government's economic recovery strategy, and to its Poverty Reduction Strategy Paper (PRSP), being finalized. It examines Kenya's economic performance during the past decade, and identifies the structural weaknesses that have contributed to the decline in productivity, and the competitiveness of the economy during this period. It also recommends policy, and institutional reforms to revitalize economic growth, and to reduce poverty. The message from the CEM is a sober one: increased poverty is the legacy from almost two decades of slow growth; and, the burden of disease, particularly malaria and HIV/AIDS will constrain growth in the years to come. However, given the improved economic policy environment, the potential for economic growth is significantly better than the poor performance in the 1990s would indicate. But even in our high-case scenario Kenya is unlikely to reach the Millennium Development Goal of cutting in half by 2015 the proportion of Kenyans living in poverty in 1990. Reducing poverty will remain a tremendous challenge. The CEM is organized into six chapters. Chapter 1 reviews recent economic developments, and Kenya's integration with the world economy. Chapter 2 discusses trends in poverty, and focuses on the long term economic factors that affect productivity, and institutional effectiveness. Chapters 3-5 provide detailed analyses of the agricultural, manufacturing, and services sectors, identifying specific cross-sectoral issues, and, recommending policy, and institutional reforms to promote broad-based economic growth. Finally, chapter 6 discusses the investment climate, and its relationship to private sector investment.
Economic Memorandum on Kenya
Author: World Bank
Publisher:
ISBN:
Category :
Languages : en
Pages : 31
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 31
Book Description
Economic Memorandum Recent Developments in the East African Community, Kenya, Tanzania and Uganda
Author:
Publisher:
ISBN:
Category : Kenya
Languages : en
Pages : 20
Book Description
Publisher:
ISBN:
Category : Kenya
Languages : en
Pages : 20
Book Description
Kenya
Author: World Bank
Publisher:
ISBN:
Category :
Languages : en
Pages : 114
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 114
Book Description
Kenya Economic Memorandum
Author:
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 114
Book Description
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 114
Book Description