Kenya Economic Update, April 2018, No. 17 : Policy Options to Advance the Big 4

After multiple headwinds dampened growth in 2017, a nascent rebound in economic activity in Kenya is gaining momentum. Notwithstanding the projected rebound in economic activity risks are tilted to the downside. The Government of Kenya has outlined...

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Main Author:	World Bank Group
Format:	Report
Language:	English
Published:	World Bank, Nairobi 2018
Subjects:	ECONOMIC GROWTH ECONOMIC OUTLOOK ECONOMIC DEVELOPMENT RECOVERY FISCAL TRENDS INFLATION EXPORTS RISKS POVERTY REDUCTION SHARED GROWTH MACROECONOMIC POLICY STRUCTURAL REFORM DROUGHT INCLUSIVE GROWTH
Online Access:	http://documents.worldbank.org/curated/en/327691523276540220/Kenya-economic-update-policy-options-to-advance-the-Big-4-unleashing-Kenya-s-private-sector-to-drive-inclusive-growth-and-accelerate-poverty-reduction http://hdl.handle.net/10986/29676

id	okr-10986-29676
recordtype	oai_dc
spelling	okr-10986-296762021-05-25T09:13:36Z Kenya Economic Update, April 2018, No. 17 : Policy Options to Advance the Big 4 World Bank Group ECONOMIC GROWTH ECONOMIC OUTLOOK ECONOMIC DEVELOPMENT RECOVERY FISCAL TRENDS INFLATION EXPORTS RISKS POVERTY REDUCTION SHARED GROWTH MACROECONOMIC POLICY STRUCTURAL REFORM DROUGHT INCLUSIVE GROWTH After multiple headwinds dampened growth in 2017, a nascent rebound in economic activity in Kenya is gaining momentum. Notwithstanding the projected rebound in economic activity risks are tilted to the downside. The Government of Kenya has outlined four big priority areas for the next five years. These are agricultural and food security, affordable housing, increased share of manufacturing, and universal health coverage. Support from the public and more importantly the private sector will be required to achieve the big 4. Specific measures to create fiscal room to support the big 4 can include: enhancing domestic revenue mobilization through the rationalization of tax exemptions; slowing the pace of expansion of recurrent spending; and improving the efficiency of spending. Boosting agricultural productivity and food security will require re-allocating more resources to agriculture and improving the efficiency of current spending in the sector. To eradicate poverty by 2030, Kenya will need a combination of higher growth, more inclusive growth, and growth that is increasingly driven by the private sector and translates into more rapid poverty reduction. 2018-04-13T19:14:17Z 2018-04-13T19:14:17Z 2018-04 Report http://documents.worldbank.org/curated/en/327691523276540220/Kenya-economic-update-policy-options-to-advance-the-Big-4-unleashing-Kenya-s-private-sector-to-drive-inclusive-growth-and-accelerate-poverty-reduction http://hdl.handle.net/10986/29676 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Nairobi Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work Africa Kenya
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ECONOMIC GROWTH ECONOMIC OUTLOOK ECONOMIC DEVELOPMENT RECOVERY FISCAL TRENDS INFLATION EXPORTS RISKS POVERTY REDUCTION SHARED GROWTH MACROECONOMIC POLICY STRUCTURAL REFORM DROUGHT INCLUSIVE GROWTH
spellingShingle	ECONOMIC GROWTH ECONOMIC OUTLOOK ECONOMIC DEVELOPMENT RECOVERY FISCAL TRENDS INFLATION EXPORTS RISKS POVERTY REDUCTION SHARED GROWTH MACROECONOMIC POLICY STRUCTURAL REFORM DROUGHT INCLUSIVE GROWTH World Bank Group Kenya Economic Update, April 2018, No. 17 : Policy Options to Advance the Big 4
geographic_facet	Africa Kenya
description	After multiple headwinds dampened growth in 2017, a nascent rebound in economic activity in Kenya is gaining momentum. Notwithstanding the projected rebound in economic activity risks are tilted to the downside. The Government of Kenya has outlined four big priority areas for the next five years. These are agricultural and food security, affordable housing, increased share of manufacturing, and universal health coverage. Support from the public and more importantly the private sector will be required to achieve the big 4. Specific measures to create fiscal room to support the big 4 can include: enhancing domestic revenue mobilization through the rationalization of tax exemptions; slowing the pace of expansion of recurrent spending; and improving the efficiency of spending. Boosting agricultural productivity and food security will require re-allocating more resources to agriculture and improving the efficiency of current spending in the sector. To eradicate poverty by 2030, Kenya will need a combination of higher growth, more inclusive growth, and growth that is increasingly driven by the private sector and translates into more rapid poverty reduction.
format	Report
author	World Bank Group
author_facet	World Bank Group
author_sort	World Bank Group
title	Kenya Economic Update, April 2018, No. 17 : Policy Options to Advance the Big 4
title_short	Kenya Economic Update, April 2018, No. 17 : Policy Options to Advance the Big 4
title_full	Kenya Economic Update, April 2018, No. 17 : Policy Options to Advance the Big 4
title_fullStr	Kenya Economic Update, April 2018, No. 17 : Policy Options to Advance the Big 4
title_full_unstemmed	Kenya Economic Update, April 2018, No. 17 : Policy Options to Advance the Big 4
title_sort	kenya economic update, april 2018, no. 17 : policy options to advance the big 4
publisher	World Bank, Nairobi
publishDate	2018
url	http://documents.worldbank.org/curated/en/327691523276540220/Kenya-economic-update-policy-options-to-advance-the-Big-4-unleashing-Kenya-s-private-sector-to-drive-inclusive-growth-and-accelerate-poverty-reduction http://hdl.handle.net/10986/29676
_version_	1764469957092966400

Kenya Economic Update, April 2018, No. 17 : Policy Options to Advance the Big 4

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