Cover IMF Staff Country Reports
Kenya: Debt Sustainability Analysis
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2003: Issue 400
Language:
English
Publication Date:
08 Jan 2004
DOI:
https://doi.org/10.5089/9781451821116.002
ISBN:
9781451821116
ISSN:
1934-7685
Pages:
12
Keywords:
ISCR; CR; ratio; arrears clearance; debt-to-exports ratio; financing gap; ratio of debt service; NPV of contingent liabilities; CBK debt; debt indicator; debt-creating flow; Debt service; Debt service ratios; Arrears
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This report of the Debt Sustainability Analysis (DSA) indicates that the envisaged strategy of a partial substitution of domestic debt by increased inflows of external grants and concessional loans, as well as a rescheduling of external debt by the Paris and London Clubs, would facilitate the achievement of debt sustainability. The DSA also confirms that such a debt rescheduling could constitute an appropriate exit strategy for Kenya. The DSA also shows that debt sustainability would improve significantly with a concessional rescheduling, particularly under the Naples terms.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2003: Issue 400