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  • Monetary Policy, Central Banking, and the Supply of Money and Credit: General x
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International Monetary Fund. External Relations Dept.

This paper discusses ways in which countries can invest most profitably in an industry that is capable of providing massive help to their economies. The paper highlights that tourism, like other economic activities, flourishes best when it fits into a context of general economic policies and programs designed to lead to the optimum growth of the economy as a whole. For this, some sort of national planning—at least in setting priorities and seeing that they are emphasized—is required to create a climate for productive investment in all suitable fields.

International Monetary Fund. External Relations Dept.

The paper discusses development of smallholder tea cultivation and a new breed of planters in Kenya. As the work of land consolidation and registration progressed in Kenya, tea planting in areas that were ecologically suitable became increasingly popular. The paper highlights that with the help of some US$3 million from the International Development Association, about 900 miles of tea collection and factory access roads are being constructed in the various tea-growing areas of Kenya, and some 15 small road maintenance units are being established and equipped.