Economic Recovery Strategy Paper Kenya Text

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The investment program for the economic recovery strategy for wealth and employment creation ip ers , that the government of kenya has recently submitted to the international monetary fund imf and bank is kenya's poverty reduction strategy paper prsp. See more + the investment program for the economic recovery strategy for wealth and employment creation ip ers , that the government of kenya has recently submitted to the international monetary fund imf and bank is kenya's poverty reduction strategy paper prsp. The ip ers provides the framework for implementing the government's economic recovery strategy, as issued in june 2003. It describes the participatory process, provides an overview of poverty in kenya, and, presents the government's strategic vision, objectives, and priority actions for stimulating economic growth, reducing poverty, and promoting human development.

The ip ers reflects an extensive process of consultation, but, while recognizing the strengths of the ip ers, the staffs note that there are some shortcomings that will need to be addressed during implementation, including in the preparation of the first annual progress report. First, its analysis of poverty needs to be strengthened, by expanding the information base through surveys, and strengthening the analysis of the determinants of poverty. Second, the strategy could better prioritize policy actions to accelerate growth and reduce poverty, and, provide a more precise identification of core pro poor spending programs. Third, a sector strategy for health remains to be formulated, and a strategy for education completed. Fourth, the strategy could better articulate a process for the prioritization of public actions that are in turn, linked to the budget and medium term expenditure framework. Fifth, the actions contemplated to build capacity in key areas need to be spelled out, including the envisaged support from the donor community. Sixth, systems for monitoring poverty outcomes are weak, and need to be strengthened.

The staffs agree that these focus areas are key to addressing poverty, and that the policies and programs laid out in the ip ers document, are broadly consistent with the government's objective to reduce poverty. The staffs recommend the government prepare a detailed medium term fiscal strategy a fuller discussion of public sector wage policies, and the civil service reform agenda be conducted accompanied by a clearer, complete picture of the financing requirements. This ip ers document provides a sound basis for concessional assistance, and, it is recommended that the board reach the same conclusion.

See less this country economic memorandum cem the first since 1995 is a contribution to the government's economic recovery strategy, and to its poverty reduction strategy paper prsp , being finalized. See more + this country economic memorandum cem the first since 1995 is a contribution to the government's economic recovery strategy, and to its poverty reduction strategy paper prsp , being finalized. It examines kenya's economic performance during the past decade, and identifies the structural weaknesses that have contributed to the decline in productivity, and the competitiveness of the economy during this period. It also recommends policy, and institutional reforms to revitalize economic growth, and to reduce poverty. The message from the cem is a sober one: increased poverty is the legacy from almost two decades of slow growth and, the burden of disease, particularly malaria and hiv/aids will constrain growth in the years to come. However, given the improved economic policy environment, the potential for economic growth is significantly better than the poor performance in the 1990s would indicate. But even in our high case scenario kenya is unlikely to reach the millennium development goal of cutting in half by 2015 the proportion of kenyans living in poverty in 1990.

Chapter 1 reviews recent economic developments, and kenya's integration with the world economy. Chapter 2 discusses trends in poverty, and focuses on the long term economic factors that affect productivity, and institutional effectiveness. Chapters 3 5 provide detailed analyses of the agricultural, manufacturing, and services sectors, identifying specific cross sectoral issues, and, recommending policy, and institutional reforms to promote broad based economic growth. Finally, chapter 6 discusses the investment climate, and its relationship to private sector investment.

See less the joint staff assessment jsa of the poverty reduction strategy paper progress report on kenya reviews poverty reduction strategy. The investment program for the economic recovery strategy for wealth and employment creation ip ers that the government of kenya has recently submitted to the imf and world bank is kenya’s poverty reduction strategy paper. The poverty diagnosis in the ip ers document is based on very limited information.

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Please note that corrections may take a couple of weeks to filter through the various repec services. Based on the principles of the cotonou partnership agreement, the government of kenya gok and the european commission ec prepared the country strategy paper csp for 2008 2013 under the 10th european development fund edf in close consultation with non state actors nsas and development partners, in particular eu member states. The csp is aligned with kenya’s medium term objectives and strategies and with the eu’s development policies and priorities and also reflects the objectives of increased regional integration. As far as possible the csp is harmonised with the response programmes of other development partners, as articulated in the draft kenya joint assistance strategy kjas to enhance coherence and complementarity, in particular between the commission’s and the member states’ external support.

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Kenya’s development strategy is articulated in the investment programme for economic recovery strategy ip ers , the home grown version of the poverty reduction strategy paper prsp , and in various related sector strategies and policies. Vision 2030, which builds upon the achievements of the ers, is built on three pillars – economic growth, equitable social development and strengthened democratic political system. Good fiscal performance, macroeconomic reform and stability, reform of governance institutions and increased fiscal discipline exerted by the medium term expenditure framework mtef combined with consultations with stakeholders during the budgeting process have led to a successful recovery of the economy and increased investment in social services which, if sustained, will improve the economic opportunities and well being of all kenyans. The csp provides a comprehensive and coherent framework for ec kenya cooperation in the medium term and, as far as possible, combines all relevant resources and aid instruments. The indicative allocation for programmable resources a envelope totals €383m and the b envelope for unforeseen needs is €16.40m. The response strategy was developed in a highly participatory manner and takes into account the past performance of ec assistance, the views of non state actors and the findings and recommendations of the evaluation of the csp for 2003 2007. The proposed support focuses on sector, regional and global strategies developed by the gok and includes capacity and institution building in the public and civic domains.

Evaluation and monitoring are based, to the maximum extent, on existing gok procedures and coordinated between the gok and the hac group, which includes member states. During preparation of the csp two focal sectors were identified: regional economic integration by means of transport infrastructure and agriculture and rural development. Non focal sectors will support capacity building for: i improving governance and strengthening non state actors ii economic growth through trade and private sector development. Macroeconomic support lies at the core of the csp to deepen economic growth within a regional perspective and to support equitable social development. General and sector budget support are the main aid instruments, supplemented by project support where possible under joint financing arrangements with other development partners, in particular member states.

Rural poverty approaches, policies amp strategies in kenya kenya's long term development blueprint, vision 2030. It aims to create a globally competitive and prosperous nation with a high quality of life by 2030. Vision 2030 is designed to guide the country towards meeting the millennium development goals by 2015 and beyond, transforming kenya into a newly industrializing, middle income country. Evidence shows that agriculture led growth in kenya is more than twice as effective in reducing poverty as growth led by industry. The key to better performance in agriculture lies in boosting smallholder productivity and developing non farm activities. By making financial services widely available to rural communities to enable the growth of smallholder enterprises, the government of kenya aims to stimulate the rural economy.

The government recognizes that economic development depends on agriculture, tourism, manufacturing and the energy sector. All of these rely heavily on sustainable management of natural resources – particularly kenya's five major forested mountains, also known as ‘water towers'. The increased frequency of drought has also led the government to place natural resource management and climate change mitigation at the centre of its agricultural and economic development strategy. In cooperation with its development partners, the government has introduced legislative and policy reforms to coordinate ecosystem management and the sustainable use of natural resources. Which mandates the national land commission to recommend policies on land, acquire land for public purposes, regulate land use in the public interest and allocate land for investment the agriculture, livestock, fisheries and food authority act. Which establishes an authority to oversee the operation of the agricultural sector – including licensing, law enforcement and registration of farmers – and to promote and regulate the production, processing, marketing and transportation of agricultural products, advise the government on agricultural policy and build the capacity of county governments in relation to agriculture the crops act. Which formulates policies for the development of scheduled crops, facilitates marketing and distribution of crops, conducts training for farmers, and establishes and enforces crop standards.