Kenya : First Review Under the Twelve-Month Stand-By Arrangement and the Arrangement Under the Stand-By Credit Facility, Request for Waivers for Non-Observance of Performance Criterion, and Request for Modification of Performance Criteria-Press Release; S

First Review Under the Twelve-Month Stand-By Arrangement and the Arrangement Under the Stand-By Credit Facility, Request for Waivers for Non-Observance of Performance Criterion, and Request for Modification of Performance Criteria-Press Release; Staff Rep

This paper discusses Kenya's First Review Under the Twelve-Month Stand-by Arrangement and the Arrangement Under the Standby Credit Facility, Request for Waivers for Nonobservance of Performance Criterion (PC), and Request for Modification of PC. All quantitative PCs for end-March 2015 were met, but the continuous performance criterion on external arrears was not observed owing to the emergence of temporary technical arrears on external debt. The IMF staff recommends completion of the first review and supports the authorities' request for a modification of PCs for end-September 2015, and for waivers for nonobservance of the PCs on external arrears.
Publication date: September 2015
ISBN: 9781513520544
$18.00
Add to Cart by clicking price of the language and format you'd like to purchase
Available Languages and Formats
English
Prices in red indicate formats that are not yet available but are forthcoming.
Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , inflation , debt , deficit , monetary fund , arrears

Summary