Abstract
Request for Disbursement under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Kenya
Relations with the Fund
(As of March 31, 2020)
Membership Status: Joined: February 03, 1964; Article VIII
| General Resources Account: | SDR Million | Percent Quota |
|---|---|---|
| Quota | 542.8 | 100.00 |
| Fund holdings of currency (Exchange Rate) | 529.49 | 97.54 |
| Reserve Tranche Position | 13.40 | 2.47 |
| General Resources Account: | SDR Million | Percent Quota |
|---|---|---|
| Quota | 542.8 | 100.00 |
| Fund holdings of currency (Exchange Rate) | 529.49 | 97.54 |
| Reserve Tranche Position | 13.40 | 2.47 |
| SDR Department: | SDR Million | Percent Allocation |
|---|---|---|
| Net cumulative allocation | 259.65 | 100.00 |
| Holdinqs | 31.68 | 12.20 |
| SDR Department: | SDR Million | Percent Allocation |
|---|---|---|
| Net cumulative allocation | 259.65 | 100.00 |
| Holdinqs | 31.68 | 12.20 |
| Outstanding Purchases and Loans: | SDR Million | Percent Quota |
|---|---|---|
| ECF Arrangements | 249.96 | 46.05 |
| Outstanding Purchases and Loans: | SDR Million | Percent Quota |
|---|---|---|
| ECF Arrangements | 249.96 | 46.05 |
Latest Financial Arrangements:
| Type | Date of Arrangement | Expiration Date | Amount Approved (SDR Million) | Amount Drawn (SDR Million) |
|---|---|---|---|---|
| Stand-By | Mar 14, 2016 | Sep 14, 2018 | 709.26 | 0.00 |
| SCF 1 | ||||
| Mar 14, 2016 | Mar 13, 2018 | 354.63 | 0.00 | |
| SCF | Feb 02, 2015 | Mar 14, 2016 | 135.70 | 0.00 |
| Type | Date of Arrangement | Expiration Date | Amount Approved (SDR Million) | Amount Drawn (SDR Million) |
|---|---|---|---|---|
| Stand-By | Mar 14, 2016 | Sep 14, 2018 | 709.26 | 0.00 |
| SCF 1 | ||||
| Mar 14, 2016 | Mar 13, 2018 | 354.63 | 0.00 | |
| SCF | Feb 02, 2015 | Mar 14, 2016 | 135.70 | 0.00 |
Projected Payments to Fund 2 (SDR Million, based on existing use of resources and present holdings of SDRs):
| Forthcoming | |||||
|---|---|---|---|---|---|
| 2020 | 2021 | 2022 | 2023 | 2024 | |
| Principal | 86.85 | 91.19 | 50.34 | 21.58 | |
| Charges/interest | 0.24 | 0.12 | 0.12 | 0.12 | 0.12 |
| Total | 87.09 | 91.31 | 50.46 | 21.69 | 0.12 |
| Forthcoming | |||||
|---|---|---|---|---|---|
| 2020 | 2021 | 2022 | 2023 | 2024 | |
| Principal | 86.85 | 91.19 | 50.34 | 21.58 | |
| Charges/interest | 0.24 | 0.12 | 0.12 | 0.12 | 0.12 |
| Total | 87.09 | 91.31 | 50.46 | 21.69 | 0.12 |
Implementation of HIPC Initiative: Not Applicable
Implementation of Multilateral Debt Relief Initiative (MDRI): Not Applicable
Implementation of Catastrophe Containment and Relief (CCR): Not Applicable
Safeguards Assessments:
An update safeguards assessment of the Central Bank of Kenya (CBK) was completed in September 2019 with respect to the SBA/SCF that was expected to be approved in May 2020. The assessment found that the CBK has maintained sound external audit and financial reporting practices, and its Board has active oversight of operations., In addition, the CBK continues to maintain effective operational controls. Staff is following up on the implementation status of a number of recommendations.
Exchange Rate Arrangement:
Kenya’s currency is the Kenyan Shilling. Kenya’s de jure exchange rate arrangement is free floating, and its de facto exchange rate arrangement is classified as other managed (2019 AREAER).
Kenya accepted the obligations of Article VIII, Sections 2, 3, and 4 of the IMF Articles of Agreement with effect from June 30, 1994 and maintains an exchange system free of restrictions on payments and transfers for current international transactions, other than restrictions notified to the Fund under Decision No. 144 (52/51).
Article IV Consultation:
The last Article IV consultation with Kenya concluded on June 13, 2018. Kenya is currently on a 12-month Article IV cycle.
FSAP Participation:
A joint IMF/WB mission assessed Kenya’s financial sector as part of the Financial Sector Assessment Program (FSAP) update during September 2009. The staff report on the Financial Sector Stability Assessment was issued to the Executive Board concurrently with the 2009 Article IV Consultation Staff Report.
Technical Assistance:
Technical assistance activities provided to Kenya since 2019 are listed in next page.
Resident Representative:
Mr. Tobias Rasmussen, since October 2019.
Technical Assistance, 2019–20
Technical Assistance, 2019–20
| Year of Delivery | |
| Fiscal Affairs Department (FAD) | |
| Public Investment Management assessment | 2019 |
| Risk identification, compliance | 2019 |
| Revenue administration | 2019 |
| Tax policy: Full Diagnostic | 2019 |
| Strengthening Domestic Taxes Risk Management and Audit Case | 2019 |
| Tax administration | 2020 |
| AFRITAC East: Annual Financial Reporting | 2019 |
| AFRITAC East: Building a budget costing framework | 2019 |
| AFRITAC East: Building a revenue forecasting framework with the PBO | 2019 |
| AFRITAC East: Developing macroeconomic forecasts with the PBO | 2019 |
| AFRITAC East: Improving Revenue Performance | 2019 |
| AFRITAC East: Revenue Performance | 2019 |
| AFRITAC East: Desk Review of Inception Reports for Revised Chart of Accounts and Policy Guidelines | 2019-2020 |
| AFRITAC East: Strengthening customs administration | 2019 |
| AFRITAC East: National training on project identification, appraisal and selection | 2019 |
| Monetary and Capital Markets Department (MCM) | |
| Central Bank Governance | 2020 |
| Government Securities Market Development | 2020 |
| Monetary policy design and implementation | 2020 |
| AFRITAC East: Basel II/III Implementation | 2020 |
| AFRITAC East: Strengthening IFRS 9 Implementation | 2020 |
| AFRITAC East: Strengthening Risk-based Securities Supervision | 2019 |
| AFRITAC East: Strengthening internal liquidity adequacy assessment processes for banks | 2019 |
| AFRITAC East: Strengthening Macroprudential Policy Framework | 2019 |
| Central bank risk management | 2019 |
| AFRITAC East: Mobile banking review | 2019 |
| AFRITAC East: Strengthening risk-based supervision for insurance companies follow up | 2019 |
| Legal Department (LEG) | |
| AML/CFT supervision and FIU | 2019 |
| AML/CFT- FIU structures and tools | 2019 |
| Statistics Department (STA) | |
| AFRITAC East: Producer price index | 2020 |
| AFRITAC East: Review of the preliminary rebased CPI and PPI | 2020 |
| AFRITAC East: Review of the preliminary rebased GDP series | 2020 |
| Balance of payments statistics | 2019 |
| Government finance statistics | 2019 |
| AFRITAC East: Developing household sector accounts | 2019 |
| AFRITAC East: Fiscal Transparency Evaluation | 2019 |
| AFRITAC East: several Government Finance Statistics missions | 2019 |
| AFRITAC East: GFS TA mission on improvement of quality for general government | 2019 |
| PPI rebasing – updating weights and reviewing data sources | 2019 |
Technical Assistance, 2019–20
| Year of Delivery | |
| Fiscal Affairs Department (FAD) | |
| Public Investment Management assessment | 2019 |
| Risk identification, compliance | 2019 |
| Revenue administration | 2019 |
| Tax policy: Full Diagnostic | 2019 |
| Strengthening Domestic Taxes Risk Management and Audit Case | 2019 |
| Tax administration | 2020 |
| AFRITAC East: Annual Financial Reporting | 2019 |
| AFRITAC East: Building a budget costing framework | 2019 |
| AFRITAC East: Building a revenue forecasting framework with the PBO | 2019 |
| AFRITAC East: Developing macroeconomic forecasts with the PBO | 2019 |
| AFRITAC East: Improving Revenue Performance | 2019 |
| AFRITAC East: Revenue Performance | 2019 |
| AFRITAC East: Desk Review of Inception Reports for Revised Chart of Accounts and Policy Guidelines | 2019-2020 |
| AFRITAC East: Strengthening customs administration | 2019 |
| AFRITAC East: National training on project identification, appraisal and selection | 2019 |
| Monetary and Capital Markets Department (MCM) | |
| Central Bank Governance | 2020 |
| Government Securities Market Development | 2020 |
| Monetary policy design and implementation | 2020 |
| AFRITAC East: Basel II/III Implementation | 2020 |
| AFRITAC East: Strengthening IFRS 9 Implementation | 2020 |
| AFRITAC East: Strengthening Risk-based Securities Supervision | 2019 |
| AFRITAC East: Strengthening internal liquidity adequacy assessment processes for banks | 2019 |
| AFRITAC East: Strengthening Macroprudential Policy Framework | 2019 |
| Central bank risk management | 2019 |
| AFRITAC East: Mobile banking review | 2019 |
| AFRITAC East: Strengthening risk-based supervision for insurance companies follow up | 2019 |
| Legal Department (LEG) | |
| AML/CFT supervision and FIU | 2019 |
| AML/CFT- FIU structures and tools | 2019 |
| Statistics Department (STA) | |
| AFRITAC East: Producer price index | 2020 |
| AFRITAC East: Review of the preliminary rebased CPI and PPI | 2020 |
| AFRITAC East: Review of the preliminary rebased GDP series | 2020 |
| Balance of payments statistics | 2019 |
| Government finance statistics | 2019 |
| AFRITAC East: Developing household sector accounts | 2019 |
| AFRITAC East: Fiscal Transparency Evaluation | 2019 |
| AFRITAC East: several Government Finance Statistics missions | 2019 |
| AFRITAC East: GFS TA mission on improvement of quality for general government | 2019 |
| PPI rebasing – updating weights and reviewing data sources | 2019 |
Statistical Issues
(as of April 1, 2020):
| I. Assessment of Data Adequacy for Surveillance |
| General: Data provision is broadly adequate for surveillance and program monitoring, although it has some shortcomings because of capacity constraints. Although the overall quality, timeliness and coverage of macroeconomic statistics have improved over the past few years, further improvements in the methodology of compiling real, fiscal, and external sector statistics would be desirable to facilitate enhanced design and monitoring of economic policies. |
| National Accounts: The Kenya National Bureau of Statistics (KNBS) has made significant efforts to enhance national statistics compilation. The East AFRITAC statistics advisor assisted with improving and rebasing the annual and quarterly national accounts estimates at current and constant (from 2001 to 2009) prices and developing 2009 supply and use tables (SUTs) to better anchor the annual GDP estimates, along with other methodological changes. Improved source data and the balancing of economic flows via the SUTs resulted in improved coverage and more robust estimates. Rebased GDP and revised GDP for 2006–13 were published in September 2014. The difference between old and new base was 20.5 percent. SUT for 2009 for Kenya were published in the Economic Survey 2014 report (April 2014). The SUT provided a basis for development of the Input-Output Tables (IOT) and the Social Accounting Matrix (SAM), which were published in the Economic survey 2015 (April 2015). The KNBS is participating in the Quarterly National Accounts (QNA) Statistics Module of the IMF-U.K. Department for International Development (DFID). However, the authorities are currently developing a time series with a contemporary base year (2016) and expect to release these data by April 2020 (to replace the 2009 base year). The authorities also publish a quarterly GDP time series in both current and constant prices. Inadequate staff resources continue to be a challenge to implementation of improvements identified during technical assistance. |
| Price Statistics: The KNBS has updated the CPI using expenditures from the 2015/16 KIHBS and released its rebased series on March 31, 2020. |
| Government Finance Statistics (GFS): East AFRITAC (AFE) collaborates closely with the EAC Secretariat through a capacity building program to support efforts to improve compilation and dissemination of government finance statistics (GFS) and Public-Sector Debt Statistics (PSDS) based on the Government Finance Statistics Manual 2014 (GFSM 2014) to achieve the fiscal data requirements associated with the East African Monetary Union (EAMU) Protocol. A series of AFE GFS and PSDS TA missions are taking place to further support efforts to improve fiscal data. While GFS is reported at General Government (GG) level, future work will aim to improve timeliness, reduce discrepancies, improve stock data and the quality of GG data. The authorities have committed to compiling and disseminating high-frequency Budgetary Central Government (BCG) data. Progress is being made in extending coverage to public corporations. Quarterly Public-Sector Debt is disseminated for certain elements of BCG, but data is reported at face value and not nominal value. |
| Monetary and Financial Statistics: Monetary and financial statistics are compiled broadly in line with the Monetary and Financial Statistics Manual. The CBK reports monetary and financial statistics monthly, using Standardized Report Forms (SRFs) for the central bank and other depository corporations (ODCs), and monetary data based on these SRFs are published in the International Financial Statistics. The CBK has recently made progress: in expanding the coverage of ODCs data to include savings and credit cooperatives (SACCOs) and microfinance banks; and in developing other financial corporations (OFCs) data which comprises of insurance corporations and pension funds – those data are submitted for STA’s review. |
| Financial sector surveillance: Kenya does not participate in the IMF’s Coordinated Direct Investment Survey (CDIS) and the Coordinated Portfolio Investment Survey (CPIS). The CBK reports Financial Soundness Indicators (FSIs) on a quarterly basis which include 11 core and 11 encouraged indicators for deposit takers. Data on the household debt to gross domestic product ratio is also reported. However, FSIs on other financial corporations and nonfinancial corporations are not reported. |
| External sector statistics: The KNBS compiles annual balance of payments statistics following the sixth edition of the Balance of Payments and International Investment Position Manual (BPM6) in Kenyan shillings that are regularly reported to STA. In addition, the Central Bank of Kenya (CBK) compiles a complete set of annual balance of payments statistics in U.S. dollars, which are reported to AFR and used for programming and surveillance purposes. The two datasets are not entirely consistent, and Fund staff has strongly encouraged the authorities to reconcile them. Although the overall quality of trade data is reasonably good, data for other current account and many financial account transactions are rather weak and there is a need to reduce large errors and omissions. The financial account is largely drawn from the International Transactions Reporting System (ITRS), which suffers from a large and growing element of unclassified inflows and outflows that might well include settlements of current account transactions. The last TA mission on external sector statistics (ESS), conducted in October 2019, supported the KNBS in advancing the ESS compilation. Annual international investment position (IIP) data are scheduled to be reported to STA in mid-2020. The mission also reviewed the 2018 financial investment survey (FIS). Past data should be revised with the latest FIS results as they involve a broader coverage of statistical units than the other data sources such as the ITRS. In addition, Kenya made advances in developing the harmonized balance of payments statistics compilation and dissemination frameworks through their participation in the STA’s Enhanced Data Dissemination Initiative 2 project (Module 2) for six EAC countries supported by the UK DFID. Major outcomes achieved through this project include: harmonized trade in goods statistics and important service components; reduced discrepancies with mirror data on exports/imports of goods among EAC countries; harmonization of coverage, level of detail, and methodology of reserve assets compilation within EAC; and improved consistency of balance of payments statistics with other macroeconomic datasets. |
| II. Data Standards and Quality |
| Kenya participates in the Enhanced General Data Dissemination System and the EDDI2 TA project financed by DFID. A Data ROSC was conducted in October 2005. |
| III. Reporting to STA |
| The data for the General Government is reported to STA in GFSM 2014 format with a long lag and disseminated in the GFS Yearbook. Monthly and quarterly GFS data are regularly reported for inclusion in the International Financial Statistics (IFS). Monetary data for the central bank and ODCs are regularly reported for inclusion in the IFS. Annual balance of payments data, following BPM6 classifications, are regularly reported to STA. |
| I. Assessment of Data Adequacy for Surveillance |
| General: Data provision is broadly adequate for surveillance and program monitoring, although it has some shortcomings because of capacity constraints. Although the overall quality, timeliness and coverage of macroeconomic statistics have improved over the past few years, further improvements in the methodology of compiling real, fiscal, and external sector statistics would be desirable to facilitate enhanced design and monitoring of economic policies. |
| National Accounts: The Kenya National Bureau of Statistics (KNBS) has made significant efforts to enhance national statistics compilation. The East AFRITAC statistics advisor assisted with improving and rebasing the annual and quarterly national accounts estimates at current and constant (from 2001 to 2009) prices and developing 2009 supply and use tables (SUTs) to better anchor the annual GDP estimates, along with other methodological changes. Improved source data and the balancing of economic flows via the SUTs resulted in improved coverage and more robust estimates. Rebased GDP and revised GDP for 2006–13 were published in September 2014. The difference between old and new base was 20.5 percent. SUT for 2009 for Kenya were published in the Economic Survey 2014 report (April 2014). The SUT provided a basis for development of the Input-Output Tables (IOT) and the Social Accounting Matrix (SAM), which were published in the Economic survey 2015 (April 2015). The KNBS is participating in the Quarterly National Accounts (QNA) Statistics Module of the IMF-U.K. Department for International Development (DFID). However, the authorities are currently developing a time series with a contemporary base year (2016) and expect to release these data by April 2020 (to replace the 2009 base year). The authorities also publish a quarterly GDP time series in both current and constant prices. Inadequate staff resources continue to be a challenge to implementation of improvements identified during technical assistance. |
| Price Statistics: The KNBS has updated the CPI using expenditures from the 2015/16 KIHBS and released its rebased series on March 31, 2020. |
| Government Finance Statistics (GFS): East AFRITAC (AFE) collaborates closely with the EAC Secretariat through a capacity building program to support efforts to improve compilation and dissemination of government finance statistics (GFS) and Public-Sector Debt Statistics (PSDS) based on the Government Finance Statistics Manual 2014 (GFSM 2014) to achieve the fiscal data requirements associated with the East African Monetary Union (EAMU) Protocol. A series of AFE GFS and PSDS TA missions are taking place to further support efforts to improve fiscal data. While GFS is reported at General Government (GG) level, future work will aim to improve timeliness, reduce discrepancies, improve stock data and the quality of GG data. The authorities have committed to compiling and disseminating high-frequency Budgetary Central Government (BCG) data. Progress is being made in extending coverage to public corporations. Quarterly Public-Sector Debt is disseminated for certain elements of BCG, but data is reported at face value and not nominal value. |
| Monetary and Financial Statistics: Monetary and financial statistics are compiled broadly in line with the Monetary and Financial Statistics Manual. The CBK reports monetary and financial statistics monthly, using Standardized Report Forms (SRFs) for the central bank and other depository corporations (ODCs), and monetary data based on these SRFs are published in the International Financial Statistics. The CBK has recently made progress: in expanding the coverage of ODCs data to include savings and credit cooperatives (SACCOs) and microfinance banks; and in developing other financial corporations (OFCs) data which comprises of insurance corporations and pension funds – those data are submitted for STA’s review. |
| Financial sector surveillance: Kenya does not participate in the IMF’s Coordinated Direct Investment Survey (CDIS) and the Coordinated Portfolio Investment Survey (CPIS). The CBK reports Financial Soundness Indicators (FSIs) on a quarterly basis which include 11 core and 11 encouraged indicators for deposit takers. Data on the household debt to gross domestic product ratio is also reported. However, FSIs on other financial corporations and nonfinancial corporations are not reported. |
| External sector statistics: The KNBS compiles annual balance of payments statistics following the sixth edition of the Balance of Payments and International Investment Position Manual (BPM6) in Kenyan shillings that are regularly reported to STA. In addition, the Central Bank of Kenya (CBK) compiles a complete set of annual balance of payments statistics in U.S. dollars, which are reported to AFR and used for programming and surveillance purposes. The two datasets are not entirely consistent, and Fund staff has strongly encouraged the authorities to reconcile them. Although the overall quality of trade data is reasonably good, data for other current account and many financial account transactions are rather weak and there is a need to reduce large errors and omissions. The financial account is largely drawn from the International Transactions Reporting System (ITRS), which suffers from a large and growing element of unclassified inflows and outflows that might well include settlements of current account transactions. The last TA mission on external sector statistics (ESS), conducted in October 2019, supported the KNBS in advancing the ESS compilation. Annual international investment position (IIP) data are scheduled to be reported to STA in mid-2020. The mission also reviewed the 2018 financial investment survey (FIS). Past data should be revised with the latest FIS results as they involve a broader coverage of statistical units than the other data sources such as the ITRS. In addition, Kenya made advances in developing the harmonized balance of payments statistics compilation and dissemination frameworks through their participation in the STA’s Enhanced Data Dissemination Initiative 2 project (Module 2) for six EAC countries supported by the UK DFID. Major outcomes achieved through this project include: harmonized trade in goods statistics and important service components; reduced discrepancies with mirror data on exports/imports of goods among EAC countries; harmonization of coverage, level of detail, and methodology of reserve assets compilation within EAC; and improved consistency of balance of payments statistics with other macroeconomic datasets. |
| II. Data Standards and Quality |
| Kenya participates in the Enhanced General Data Dissemination System and the EDDI2 TA project financed by DFID. A Data ROSC was conducted in October 2005. |
| III. Reporting to STA |
| The data for the General Government is reported to STA in GFSM 2014 format with a long lag and disseminated in the GFS Yearbook. Monthly and quarterly GFS data are regularly reported for inclusion in the International Financial Statistics (IFS). Monetary data for the central bank and ODCs are regularly reported for inclusion in the IFS. Annual balance of payments data, following BPM6 classifications, are regularly reported to STA. |
Common Indicators Required for Surveillance
Any reserve assets that are pledged or otherwise encumbered should be specified separately. Also, data should comprise short-term liabilities linked to a foreign currency but settled by other means as well as the notional values of financial derivatives to pay and to receive foreign currency, including those linked to a foreign currency but settled by other means.
Both market-based and officially determined, including discount rates, money market rates, rates on treasury bills, notes and bonds.
Foreign, domestic-bank, and domestic non-bank financing.
The general government consists of the central government (budgetary funds, extra budgetary funds, and social security funds) and state and local governments.
Including currency and maturity composition.
Daily (D), Weekly (W), Monthly (M), Quarterly (Q), Annually (A), Irregular (I); Not Available (NA).
Common Indicators Required for Surveillance
| Date of latest observation | Date received | Frequency of Data6 | Frequency of Reporting6 | Frequency of Publication | |
|---|---|---|---|---|---|
| Exchange rate | 3/27/2020 | 3/27/2020 | D | D | D |
| International Reserve Assets and Reserve Liabilities of the Monetary Authorities1 | 1/31/2020 | 3/27/2020 | M | M | NA |
| Reserve/Base Money | 1/31/2020 | 1/31/2020 | D | M | NA |
| Broad Money | 1/31/2020 | 1/31/2020 | D | M | NA |
| Central Bank Balance Sheet | 1/31/2020 | 1/31/2020 | D | M | NA |
| Consolidated Balance Sheet of the Banking System | 12/31/2019 | A | A | A | |
| Interest Rates2 | 1/31/2020 | 1/31/2020 | D | D | NA |
| Consumer Price Index | 2/29/2020 | 2/29/2020 | M | M | M |
| Revenue, Expenditure, Balance and Composition of Financing3–– General Government4 | NA | NA | NA | NA | NA |
| Revenue, Expenditure, Balance and Composition of Financing3– Central Government | 2/29/2020 | 3/27/2020 | M | M | NA |
| Stocks of Central Government and Central Government-Guaranteed Debt5 | 12/30/2019 | 1/26/2020 | A | A | NA |
| External Current Account Balance | 12/31/2019 | 2/28/2020 | M | M | NA |
| Exports and Imports of Goods and Services | 1/31/2020 | 2/28/2020 | M | M | M |
| GDP/GNP | 12/31/2018 (A) 9/30/2019(Q) | 4/26/2019 12/31/2019 | Q,A | Q,A | Q,A |
| Gross External Debt | NA | NA | NA | NA | NA |
| International Investment Position | NA | NA | NA | NA | NA |
Any reserve assets that are pledged or otherwise encumbered should be specified separately. Also, data should comprise short-term liabilities linked to a foreign currency but settled by other means as well as the notional values of financial derivatives to pay and to receive foreign currency, including those linked to a foreign currency but settled by other means.
Both market-based and officially determined, including discount rates, money market rates, rates on treasury bills, notes and bonds.
Foreign, domestic-bank, and domestic non-bank financing.
The general government consists of the central government (budgetary funds, extra budgetary funds, and social security funds) and state and local governments.
Including currency and maturity composition.
Daily (D), Weekly (W), Monthly (M), Quarterly (Q), Annually (A), Irregular (I); Not Available (NA).
Common Indicators Required for Surveillance
| Date of latest observation | Date received | Frequency of Data6 | Frequency of Reporting6 | Frequency of Publication | |
|---|---|---|---|---|---|
| Exchange rate | 3/27/2020 | 3/27/2020 | D | D | D |
| International Reserve Assets and Reserve Liabilities of the Monetary Authorities1 | 1/31/2020 | 3/27/2020 | M | M | NA |
| Reserve/Base Money | 1/31/2020 | 1/31/2020 | D | M | NA |
| Broad Money | 1/31/2020 | 1/31/2020 | D | M | NA |
| Central Bank Balance Sheet | 1/31/2020 | 1/31/2020 | D | M | NA |
| Consolidated Balance Sheet of the Banking System | 12/31/2019 | A | A | A | |
| Interest Rates2 | 1/31/2020 | 1/31/2020 | D | D | NA |
| Consumer Price Index | 2/29/2020 | 2/29/2020 | M | M | M |
| Revenue, Expenditure, Balance and Composition of Financing3–– General Government4 | NA | NA | NA | NA | NA |
| Revenue, Expenditure, Balance and Composition of Financing3– Central Government | 2/29/2020 | 3/27/2020 | M | M | NA |
| Stocks of Central Government and Central Government-Guaranteed Debt5 | 12/30/2019 | 1/26/2020 | A | A | NA |
| External Current Account Balance | 12/31/2019 | 2/28/2020 | M | M | NA |
| Exports and Imports of Goods and Services | 1/31/2020 | 2/28/2020 | M | M | M |
| GDP/GNP | 12/31/2018 (A) 9/30/2019(Q) | 4/26/2019 12/31/2019 | Q,A | Q,A | Q,A |
| Gross External Debt | NA | NA | NA | NA | NA |
| International Investment Position | NA | NA | NA | NA | NA |
Any reserve assets that are pledged or otherwise encumbered should be specified separately. Also, data should comprise short-term liabilities linked to a foreign currency but settled by other means as well as the notional values of financial derivatives to pay and to receive foreign currency, including those linked to a foreign currency but settled by other means.
Both market-based and officially determined, including discount rates, money market rates, rates on treasury bills, notes and bonds.
Foreign, domestic-bank, and domestic non-bank financing.
The general government consists of the central government (budgetary funds, extra budgetary funds, and social security funds) and state and local governments.
Including currency and maturity composition.
Daily (D), Weekly (W), Monthly (M), Quarterly (Q), Annually (A), Irregular (I); Not Available (NA).
Relations with Other International Financial Institutions
Kenya and the World Bank:
https://www.worldbank.org/en/country/kenya
World Bank Projects:
Kenya and the African Development Bank: