Economic Impact of the Political Crisis in Kenya : 2008 and Beyond

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dc.creatorWorld Bank
dc.date2014-08-20T20:31:24Z
dc.date2014-08-20T20:31:24Z
dc.date2008-04-15
dc.date.accessioned2026-07-01T01:11:20Z
dc.descriptionThis note reviews the performance of key sectors of the Kenyan economy after the power-sharing arrangement of 2008. Declines in the agricultural, manufacturing, and services sectors considered in this note are estimates. Data collected and information interpreted provides picture of the broad orders of magnitude anticipated of the economic decline. Assuming that the power-sharing arrangement holds and the country returns to normalcy, a base case economic growth rate of about 3 percent could be expected for 2008. If a credible set of measures is steadily implemented and the fiscal constraint is managed well, these could add 1-1.5 percentage points to the base case rate of 3 percent. On the downside, continued sporadic ethnic violence, inability of coalition government to reach key decisions, and lack of donor support could result in zero or negative growth rates in 2008. The note is organized as follows. Sections I and II present the macro effects of the crisis and sectoral developments which are then used to calculate the real output expectations in 2008, as well as discuss factors that would determine the extent to which longer term prospects also are affected. Section III focuses on the poverty situation. Fiscal issues are taken up in section IV. External accounts are discussed in section V. Financial markets and issues related to investor confidence are in section VI.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2008/04/16598716/kenya-economic-impact-political-crisis-kenya-2008-beyond
dc.identifierhttps://hdl.handle.net/10986/19523
dc.identifierhttps://doi.org/10.1596/19523
dc.identifier.urihttp://hdl.handle.net/123456789/415944
dc.languageEnglish
dc.languageen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectAGGREGATE DEMAND
dc.subjectAGRICULTURE
dc.subjectAUCTION
dc.subjectBALANCE OF PAYMENT
dc.subjectBALANCE OF PAYMENTS
dc.subjectBANK RATE
dc.subjectBASIS POINTS
dc.subjectBID
dc.subjectBUDGETARY SUPPORT
dc.subjectBUSES
dc.subjectBUSINESS ENVIRONMENT
dc.subjectCAPITAL ACCOUNT
dc.subjectCAPITAL ASSETS
dc.subjectCENTRAL BANK
dc.subjectCOMMODITIES
dc.subjectCOMPETITIVENESS
dc.subjectCONSUMER PRICE INDEX
dc.subjectCONSUMPTION LEVELS
dc.subjectCREDIT ASSOCIATIONS
dc.subjectCREDIT RATING
dc.subjectCURRENCY
dc.subjectCURRENT ACCOUNT
dc.subjectCURRENT ACCOUNT DEFICIT
dc.subjectDEFAULTS
dc.subjectDEMAND FOR CREDIT
dc.subjectDEVELOPMENT PROJECTS
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC POLICIES
dc.subjectEQUIPMENT
dc.subjectEXCESS LIQUIDITY
dc.subjectEXCHANGE RATE
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectEXPORT VOLUMES
dc.subjectEXPORTS
dc.subjectFINANCIAL HEALTH
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SERVICES
dc.subjectFISCAL CONSTRAINT
dc.subjectFISCAL DEFICITS
dc.subjectFOOD PRICES
dc.subjectFORECASTS
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE RESERVES
dc.subjectGDP
dc.subjectGLOBAL SLOWDOWN
dc.subjectGLOBAL TRADE
dc.subjectGOVERNMENT EXPENDITURES
dc.subjectGOVERNMENT PAPER
dc.subjectGROWTH PROJECTIONS
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectHIGH ENERGY
dc.subjectHOLDINGS
dc.subjectIMPORT
dc.subjectIMPORT DEMAND
dc.subjectIMPORTS
dc.subjectINCOMES
dc.subjectINFLATION
dc.subjectINFLATION RATE
dc.subjectINFLATION TARGET
dc.subjectINTEREST RATES
dc.subjectINTEREST RATES ON TREASURY BILLS
dc.subjectINTERNATIONAL CURRENCIES
dc.subjectINTERNATIONAL INVESTORS
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTMENT PROJECTS
dc.subjectINVESTOR CONFIDENCE
dc.subjectLAND OWNERSHIP
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY CONDITIONS
dc.subjectLOCAL CURRENCY
dc.subjectLONG-TERM LOCAL CURRENCY
dc.subjectLORRIES
dc.subjectLOSS OF CONFIDENCE
dc.subjectMAJOR CURRENCIES
dc.subjectMICRO CREDIT
dc.subjectMONETARY POLICY
dc.subjectMONEY MARKETS
dc.subjectMONEY SUPPLY
dc.subjectNATIONAL OUTPUT
dc.subjectOIL PRICES
dc.subjectOUTPUT
dc.subjectPHYSICAL ASSETS
dc.subjectPOLITICAL SENTIMENT
dc.subjectPOLITICAL STABILITY
dc.subjectPOVERTY REDUCTION
dc.subjectPRICE INCREASES
dc.subjectPRIVATE CONSUMPTION
dc.subjectPRIVATE VEHICLES
dc.subjectPRIVATIZATION
dc.subjectPUBLIC EXPENDITURES
dc.subjectRAILWAY
dc.subjectREAL APPRECIATION
dc.subjectRECURRENT EXPENDITURE
dc.subjectRECURRENT EXPENDITURES
dc.subjectREGULATOR
dc.subjectRELATIVE PRICES
dc.subjectREPAYMENTS
dc.subjectREPO
dc.subjectREPO RATE
dc.subjectRESETTLEMENT
dc.subjectRETURN
dc.subjectRETURNS
dc.subjectROAD
dc.subjectROAD NETWORK
dc.subjectROADS
dc.subjectROUTES
dc.subjectSETTLEMENT
dc.subjectSLOWDOWN
dc.subjectSOCIAL CAPITAL
dc.subjectSTRUCTURAL PROBLEMS
dc.subjectSUPPLY CONSTRAINTS
dc.subjectSUPPLY-SIDE
dc.subjectTRADE DEFICIT
dc.subjectTRADING
dc.subjectTRANSACTION
dc.subjectTRANSPORT
dc.subjectTRANSPORT SECTOR
dc.subjectTRANSPORTATION
dc.subjectTREASURY
dc.subjectTREASURY BILL
dc.subjectTREASURY BILL RATE
dc.subjectUNCERTAINTIES
dc.subjectVALUE ADDED
dc.subjectWORLD PRICES
dc.titleEconomic Impact of the Political Crisis in Kenya : 2008 and Beyond

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