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Kenya economic update : turning the tide in turbulent times - making the most of Kenya's demographic change and rapid urbanization (English)

Over the last decade, Kenya's society and economy have changed fundamentally and these deep trends will continue. Rapid population growth and urbanization will create many new challenges which need to be managed well to support Kenya's economic take-off in the medium-term. This fourth edition of the Kenya economic update argues that Kenya can turn the tide in turbulent times and make the most of the ongoing structural shifts. In 2011, Kenya will need to address short-term domestic and international shocks, including higher inflation, pressures on the exchange rate and, most importantly, a volatile political environment. The government will need to navigate through these shocks successfully and to continue with its economic reform program to achieve higher growth. At the same time, the government will be making major strategic decisions in Kenya's decentralization architecture which will shape the medium-term development prospects of the country. Economic success is possible, as the 5.6 percent growth in 2010 has shown. If growth will accelerate to an average of 6 percent this decade, Kenya will achieve middle income country status by 2019.

Details

  • Author

    Dobronogov, Anton Kiringai, Jane Fengler, Wolfgang

  • Document Date

    2011/06/01

  • Document Type

    Working Paper (Numbered Series)

  • Report Number

    63265

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Kenya,

  • Region

    Africa,

  • Disclosure Date

    2011/07/15

  • Disclosure Status

    Disclosed

  • Doc Name

    Kenya economic update : turning the tide in turbulent times - making the most of Kenya's demographic change and rapid urbanization

  • Keywords

    exchange rate;Exchange Rates;oil price;access to basic service;access to global market;Cost of Doing Business;short term interest rate;average number of child;fuel price;per capita income;stock market decline;rural area;external shock;food price;fiscal performance;number of women;economic reform program;increase in debt;supply of labor;global food prices;income on food;agriculture and industry;demand for good;exchange rate movement;transport and energy;cost to consumer;current account balance;trade in services;share of import;decline in agriculture;balance of payment;machinery and equipment;families in need;exchange rate pressures;crude oil price;high oil price;Real estate;monetary policy;higher growth;demographic change;transport equipment;lending rate;Macroeconomic Stability;export market;demographic dividend;working adult;oil import;term debt;excess liquidity;commercial bank;export earning;investment climate;export earnings;Cash Transfer;infrastructure service;food crisis;maize import;credit growth;business environment;export growth;mobile money;household sector;global shocks;public debt;merchandise export;Fiscal policies;fiscal policy;manufactured goods;maize market;weak currency;maize sector;large farmer;social assistance;real wage;foreign investor;food market;wage restraint;net importer;school feeding;vulnerable group;foreign price;social policy;industrial base;global economy;scale economy;high transport;accountability structure;medium-term development;export product;rapid urbanization;price rise;export performance;data tables;external environment;social policies;macroeconomic indicator;foreign exchange;apparel export;urban divide;upward pressure;deposit rate;external policy;transport cost;infrastructure constraints;richer countries;economic expansion;economic shock;large bill;regional hub;healthier lives;urban job;adverse shock;Economic Management;import increase;rural branch;short-term shocks;total credit;private household;high debt;manufactured products;repo rate;industrial sector;energy supplies;Manufacturing;demography;

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Citation

Dobronogov, Anton Kiringai, Jane Fengler, Wolfgang

Kenya economic update : turning the tide in turbulent times - making the most of Kenya's demographic change and rapid urbanization (English). Kenya economic update ; edition no. 4 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/104401468048252004/Kenya-economic-update-turning-the-tide-in-turbulent-times-making-the-most-of-Kenyas-demographic-change-and-rapid-urbanization