External Debt in Kenya
Kenya - External DebtThe economy likely sustained a solid pace of growth in the final quarter: Private sector activity seems to have expanded robustly in October and November, despite losing some momentum from H1, while the arrival of the short rainy season likely boosted agricultural and hydro-powered electricity output. That said, a slowdown in remittance inflows, rising inflationary pressures—mainly owing to the adoption of the 8% VAT on fuel—and continued lackluster credit growth, which bode ill for household incomes, point to weaker private spending in the quarter. Moreover, although the introduction of the VAT has improved the fiscal account, the misalignment between overly optimistic revenue targets and the government’s spending plans raises concerns about its ability to satisfy its fiscal consolidation goals. In view of making debt repayments more manageable, the country is looking to roll over a syndicated loan worth USD 760 million and extend the maturity of the debt.
Kenya - External Debt Data
|External Debt (% of GDP)||19.3||21.0||24.9||31.3||30.5|
5 years of economic forecasts for more than 30 economic indicators.
Kenya External Debt Chart
Source: World Bank
|Bond Yield||12.50||0.0 %||Jan 21|
|Exchange Rate||101.6||0.05 %||Jan 21|
|Stock Market||0.2||0.0 %||Jan 21|
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January 4, 2019
Private sector activity picked up in December, reflected by a rise in the Purchasing Managers’ Index (PMI), produced by IHS Markit and Stanbic Bank.
December 31, 2018
The latest national accounts data released by Kenya’s National Bureau of Statistics on 31 December showed that the economy grew at a strong pace again in the third quarter, despite losing some momentum from the previous quarter.
December 31, 2018
Consumer prices rose 0.65% over the previous month in December, contrasting a 0.18% month-on-month decline in November.
December 5, 2018
Private sector activity weakened slightly in November, reflected by a decline in the Purchasing Managers’ Index (PMI), produced by IHS Markit and Stanbic Bank.
November 27, 2018
At its latest meeting held on 27 November, the Monetary Policy Committee (MPC) of Kenya’s Central Bank opted to keep the Central Bank Rate (CBR) on hold at 9.00%.