Kenya - IMF Synth - esis Report - No. 21/72

The report contained the information and analyses of the agreement to a 38-month program of financial and technical support based on a request presented to the IMF, analyzed by its staff and an approval obtained from the Executive Board of the IMF. [...] The purpose of this publication is to provide a navigation guide to understanding the content of the report, to present an analysis of the implications of the commitments made by the authorities (Government of Kenya) and the challenges and risks, highlight the benchmarks and assess the political economy risks to attainment of the specific declarations and commitments. [...] 21/72 sequentially highlighting the content of each of the five main sections and concluding with a matrix listing the commitments and benchmarks and a commentary on the possibilities and challenges for their attainment during the duration of the program. [...] Balance of Payments (BOP)- A country’s balance of payments is the difference between all the money flowing into the country in a particular period and the outflow of money to the rest of the world. [...] The sustained budget deficit has majorly been driven by sustained increase in the expenditure in the wake of the declining revenues, a phenomenon that is likely to continue being experienced given the current projection of an increase in the projected expenditure of 25.7 % of GDP in 2021compared to 25.0 % of GDP in 2020 while the revenues are projected to decline to 17.0 % of GDP in 2021compared t.