Kenya : Selected Issues

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.
Publication date: October 2008
ISBN: 9781451821192
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This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

International - Economics , current account , current account deficit , exchange rate , current account balance

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