Author: F. M. Mwega
Publisher:
ISBN:
Category : Kenya
Languages : en
Pages : 46

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Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
ISBN: 1484333454
Category : Political Science
Languages : en
Pages : 12

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This Joint Staff Advisory Note focuses on the Poverty Reduction Strategy Paper (PRSP) for Kenya. Kenya’s second Medium Term Plan (MTP-2) that covers 2013–2017 seeks to build on the successes of the MTP1. It aims to accelerate growth to reach double-digit levels, to create jobs for the Kenyan youth, and to further reduce the still high poverty levels. It highlights that to reduce maternal mortality, the MTP-2 outlines measures such as free maternal healthcare at the point of delivery and incentives for school enrolment.

Author: Christopher Adam
Publisher: OUP Oxford
ISBN: 0199595402
Category : Business & Economics
Languages : en
Pages : 400

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This is the first volume in a new series Africa: Policies for Prosperity. For the first time in more than a generation, sustained economic growth has been achieved across the continent - despite the downturn in global economic fortunes since 2008 - and in many countries these gains have been realized through policy reforms driven by the decisive leadership of a new generation of economic policymakers. The process of reform is continuous, however, and the challenge currently facing this new generation is how to harness these favourable gains in macroeconomic stability and turn them into a coherent strategy for sustainable growth and poverty reduction over the coming decades. These challenges are substantial and encompass the broad remit of economic policy. Each volume in this series brings leading scholars into the policy arena to examine these challenges and to lay out, in a rigorous but accessible manner, key challenges and policy options facing policymakers on the continent. This first volume on Kenya explores the challenges facing an economy standing at a crossroads. Kenya has experienced a period of high and sustained growth since the mid 1990s, growth which involved economic transformation away from a heavy reliance on traditional economic activities towards an emerging manufacturing economy. But this process, and the economic and social stability that had come to characterize Kenya, have been severely tested by the post-election violence of 2008. Restoring equitable growth and sustaining the structural transformation of the economy is essential if Kenya is to leave this dark period behind. The chapters in this volume address the key issues that will face economic policy makers in the coming years. They cover the conventional but central question of finance and macroeconomic management, but also much deeper structural issues of trade, employment generation and education; of land policy, migration and urbanization; and the fiscal challenges facing an ageing but increasingly urbanized (and increasingly affluent) society.

Author: Ritva Reinikka
Publisher: World Bank Publications
ISBN:
Category : Ajuste estructural - Uganda
Languages : en
Pages : 40

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"While macroeconomic reforms are necessary, firms' investment response is likely to remain limited without an accompanying improvement in public sector performance"--Cover.

Author: Albert D. K. Agbonyitor
Publisher: World Bank Publications
ISBN:
Category : Ayuda al desarrollo
Languages : en
Pages : 23

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April 1998 The inadequacy of local funds is a major financing problem in most low-income economies. It is undercutting the absorption of aid and the sustainability of development projects. Focusing on the local financing constraint sheds new light on issues of aid, fiscal reform, and the management of public spending. The fungibility of aid need not translate into resource flows to fill the local financing gap. Indeed, project aid can widen the local financing gap. To augment direct local financing of development, aid must be nonproject aid that can generate local currency. In the longer term, project aid's effect on local financing lies in its impact on growth and on expanding the base for tax revenues, seigniorage, and borrowing. When inadequate local financing limits project implementation and effective use of aid, local currency funds are more valuable than project aid, at the margin-and it becomes important to reallocate local funds, to leverage project aid, and to raise the quality of investment projects. A persistent gap in local financing complicates programs of fiscal reform. For such programs to be effective, the local financing gap has to be confronted directly by matching planned local fund expenditures against expected local fund receipts. This requires a transparent database to develop indicators and to monitor the allocation and use of local resources. This paper-a product of the Macroeconomics Division II, Eastern Africa Department-is part of a larger effort in the department to understand the effectiveness of development expenditures.

Author: World Bank Group
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Economic activity in Kenya remained robust in 2016. For the third consecutive year economic activity in Kenya picked-up, reaching an estimated 5-year high of 5.9 percent in 2016, once again placing Kenya among the fastest growing economies in Sub-Saharan Africa. Kenya's growth momentum in 2016 was supported by a stable macroeconomic environment, low oil prices, favorable harvest in the first half of 2016, rebound in tourism, strong remittance inflows, and an ambitious government infrastructure drive to relieve supply side constraints. Near term GDP growth is expected to dip on account of headwinds, however over the medium term GDP growth should pick-up. Given headwinds from the ongoing drought, weak credit growth, and the pick-up in oil prices, GDP growth is expected to decelerate to 5.5 percent in 2017, a 0.5 percentage point mark down from earlierforecasts. However, over the medium term, we expect these headwinds to ease (rains are expected to return to normal in 2017), and together with the projected steady strengthening of the global economy, rebound in tourism, resolution of some of the underlying causes of slow credit growth, and the easing of some supply-side constraints related to the completion of some major infrastructure projects, GDP growth is expected to accelerate to 5.8 percent and 6.1 percent in 2018 and 2019 respectively, consistent with the underlying growth potential of the Kenyan economy.

Author:
Publisher:
ISBN:
Category : Africa
Languages : en
Pages : 830

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Author: Leslie Fesenmyer
Publisher: Cambridge University Press
ISBN: 1009335057
Category : History
Languages : en
Pages : 243

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The socio-economic and political uncertainties of Kenya in the 1990s jeopardised what many saw as the promises of modernity. An increasing number of Kenyans migrated, many to Britain, a country that felt familiar from Kenyan history. Based on extensive fieldwork in Kenya and the United Kingdom, Leslie Fesenmyer's work provides a rich, historically nuanced study of the kinship dilemmas that underlie transnational migration and explores the dynamic relationship between those who migrate and those who stay behind. Challenging a focus on changing modes of economic production, 'push-pull' factors, and globalisation as drivers of familial change, she analyses everyday trans-national family life. Relative Distance shows how quotidian interactions, exchanges, and practices transform kinship on a local and global scale. Through the prism of intergenerational care, Fesenmyer reveals that the question of who is responsible for whom is not only a familial matter but is at the heart of relations between individuals, societies, and states.

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451821107
Category : Business & Economics
Languages : en
Pages : 92

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Kenya showed poor implementation of policies and weak economic performance under the Poverty Reduction and Growth Facility (PRGF) arrangement. The government formulated a new Economic Recovery Strategy for Wealth and Employment Creation (ERSWEC) aimed to address major macroeconomic vulnerabilities. Executive Directors emphasized the need for domestic debt reduction, the restructuring of spending, and a sustained implementation of the reform agenda. They suggested that bold reforms will be essential to encourage private investment and to mobilize adequate donor support for the reforms.

Author: Adeola F. Adenikinju
Publisher:
ISBN:
Category : Globalization
Languages : en
Pages : 430

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