Publication:
Kenya : Accelerating and Sustaining Inclusive Growth

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dc.contributor.authorWorld Bank
dc.date.accessioned2014-07-18T22:48:53Z
dc.date.available2014-07-18T22:48:53Z
dc.date.issued2008-07
dc.description.abstractThis report focuses on what needs to be done in the next five years to realize a significantly higher growth potential and sustain high growth in Kenya. The challenge before Kenya and the new government is to take the economy to the next phase of development. The report attempts to do this in two ways. First, it applies the insights from the recent empirical work and experience in other high growth countries to Kenya to propose a growth strategy. The strategy, so developed, will validate and likely help sharpen the broad thrust and direction of the ongoing reform efforts. Second, it drills down selectively into certain aspects of the growth strategy to generate a set of specific policy and institutional reforms. The net result is a reform agenda consisting of detailed policy actions that are expected to add up to a well-articulated growth strategy. Apart from influencing government action, the report is also expected to influence thinking about growth in policy circles outside the government. In its analysis, the report draws upon the state-of-the-art thinking on the issues of growth, which is going through considerable rethinking among economists and practitioners. Among several departures from the conventional view, the new thinking shies away from providing prepackaged answers to an economy's problems and emphasizes country-specific analysis instead. Similarly, the focus has shifted from identifying correlates of growth at a macroeconomic level (as in growth regressions), to identifying constraints to growth at a microeconomic level. This report reflects this shift in thinking and draws mainly upon analysis specific to Kenya (such as growth diagnostics and investment climate assessment) to arrive at conclusions relevant to policy choices. This report reinforces the findings of the Vision 2030 document in several areas, adds value in many others, and modifies some. Most significantly, this report agrees with the Vision that tourism, manufacturing, and service sectors based on Information and Communication Technology (ICT) are likely engines for growth. However, this report is much less emphatic than Vision 2030 about the sectors (identified winners and flagship projects) on which government should focus for delivering the aspired growth. The emphasis of the report is instead on generic economy-wide reforms aimed at reducing business costs and improving productivity.en
dc.identifierhttp://documents.worldbank.org/curated/en/2008/07/9761398/kenya-accelerating-sustaining-inclusive-growth
dc.identifier.doi10.1596/18927
dc.identifier.urihttps://hdl.handle.net/10986/18927
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO CREDIT
dc.subjectACCOUNTING
dc.subjectAGRICULTURAL OUTPUT
dc.subjectAGRICULTURE
dc.subjectARREARS
dc.subjectAVERAGE GROWTH
dc.subjectAVERAGE INTEREST
dc.subjectAVERAGE INTEREST RATE
dc.subjectBAILOUTS
dc.subjectBANK BRANCHES
dc.subjectBANKING SECTOR
dc.subjectBANKING SYSTEM
dc.subjectBANKS
dc.subjectBENCHMARK
dc.subjectBENCHMARKING
dc.subjectBID
dc.subjectBONDS
dc.subjectBORROWINGS
dc.subjectBUSINESS CLIMATE
dc.subjectBUSINESS COMMUNITY
dc.subjectBUSINESS ENVIRONMENT
dc.subjectBUSINESS PLANS
dc.subjectBUSINESS RISK
dc.subjectCALCULATIONS
dc.subjectCAPITAL EXPENDITURE
dc.subjectCAPITAL FORMATION
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL STOCK
dc.subjectCAPITAL SUBSIDIES
dc.subjectCOLLATERAL
dc.subjectCOLLATERAL REQUIREMENTS
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCOMPETITIVE ADVANTAGE
dc.subjectCOMPETITIVE BIDDING
dc.subjectCOMPETITIVENESS
dc.subjectCOMPREHENSIVE STRATEGIES
dc.subjectCONSUMER
dc.subjectCONSUMER CREDIT
dc.subjectCONTINGENT LIABILITIES
dc.subjectCONTRIBUTION
dc.subjectCORPORATE GOVERNANCE
dc.subjectCOUNTRY RISK
dc.subjectCREDIBILITY
dc.subjectCREDITWORTHINESS
dc.subjectCURRENCY COMPOSITION
dc.subjectDEBT ARREARS
dc.subjectDEBT RATIO
dc.subjectDEBT SITUATION
dc.subjectDEBT SUSTAINABILITY
dc.subjectDEPOSITS
dc.subjectDEPRECIATION
dc.subjectDEVELOPMENT STRATEGY
dc.subjectDIRECT COSTS
dc.subjectDIVERSIFICATION
dc.subjectDOMESTIC BORROWING
dc.subjectDOMESTIC DEBT
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC EXPANSION
dc.subjectECONOMIC LIBERALIZATION
dc.subjectECONOMIC MANAGEMENT
dc.subjectECONOMIC OUTCOMES
dc.subjectECONOMIC OUTLOOK
dc.subjectECONOMIC POLICIES
dc.subjectECONOMIC SURVEYS
dc.subjectENABLING ENVIRONMENT
dc.subjectEQUIPMENT
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATES
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectEXPORT GROWTH
dc.subjectEXPORTS
dc.subjectEXTERNAL DEBT
dc.subjectEXTERNAL SHOCKS
dc.subjectFINANCIAL EXPOSURE
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL RESOURCES
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL SUPPORT
dc.subjectFISCAL DEFICIT
dc.subjectFISCAL DISCIPLINE
dc.subjectFISCAL POLICY
dc.subjectFISCAL SURPLUS
dc.subjectFISCAL SURPLUSES
dc.subjectFIXED CAPITAL
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN EXCHANGE
dc.subjectFUTURE GROWTH
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGLOBAL ECONOMY
dc.subjectGNP
dc.subjectGOVERNANCE ISSUES
dc.subjectGOVERNMENT DEBT
dc.subjectGOVERNMENT INDEBTEDNESS
dc.subjectGOVERNMENT INVESTMENT
dc.subjectGOVERNMENT INVOLVEMENT
dc.subjectGOVERNMENT POLICIES
dc.subjectGOVERNMENT SECURITIES
dc.subjectGROSS FIXED CAPITAL FORMATION
dc.subjectGROWTH POTENTIAL
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectHEALTH SPENDING
dc.subjectHOUSEHOLD EXPENDITURES
dc.subjectHUMAN CAPITAL
dc.subjectHUMAN DEVELOPMENT
dc.subjectINCOME
dc.subjectINCOME GROWTH
dc.subjectINCOME INEQUALITY
dc.subjectINCOME LEVEL
dc.subjectINCOMES
dc.subjectINDEBTEDNESS
dc.subjectINFLATION
dc.subjectINFORMATION TECHNOLOGY
dc.subjectINTEREST PAYMENTS
dc.subjectINTEREST RATE
dc.subjectINTEREST RATE SPREAD
dc.subjectINTEREST RATE SPREADS
dc.subjectINTEREST RATES
dc.subjectINTEREST RATES ON TREASURY BILLS
dc.subjectINTERNATIONAL TRADE
dc.subjectINVESTING
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTMENT CLIMATE ASSESSMENT
dc.subjectINVESTMENT HORIZONS
dc.subjectINVESTMENT PROJECTS
dc.subjectINVESTMENT RATE
dc.subjectINVESTOR CONFIDENCE
dc.subjectLABOR FORCE
dc.subjectLABOR MARKET
dc.subjectLEVIES
dc.subjectLOCAL CURRENCY
dc.subjectLOW-INCOME
dc.subjectMACROECONOMIC CONDITIONS
dc.subjectMACROECONOMIC POLICY
dc.subjectMACROECONOMIC RISK
dc.subjectMACROECONOMIC RISKS
dc.subjectMACROECONOMIC STABILITY
dc.subjectMARKET ACCESS
dc.subjectMARKET ECONOMY
dc.subjectMARKET LEADERS
dc.subjectMARKET PRICES
dc.subjectMARKETING
dc.subjectMICRO-DATA
dc.subjectMICROECONOMIC ANALYSIS
dc.subjectMOBILE PHONES
dc.subjectMONETARY CONTROL
dc.subjectMONETARY POLICY
dc.subjectNATIONAL DEVELOPMENT
dc.subjectNATIONAL EXPORT
dc.subjectOPPORTUNITY COSTS
dc.subjectPENSION
dc.subjectPER CAPITA INCOME
dc.subjectPOLICY CREDIBILITY
dc.subjectPOLITICAL RISK
dc.subjectPOLITICAL STABILITY
dc.subjectPOLITICAL UNCERTAINTY
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATE INVESTORS
dc.subjectPRIVATE SAVINGS
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPROFIT MARGINS
dc.subjectPUBLIC EXPENDITURES
dc.subjectPUBLIC FINANCES
dc.subjectPUBLIC FUNDS
dc.subjectPUBLIC GOODS
dc.subjectPUBLIC INVESTMENTS
dc.subjectPUBLIC SECTOR DEBT
dc.subjectPUBLIC SPENDING
dc.subjectPUBLIC-PRIVATE PARTNERSHIPS
dc.subjectREAL EXCHANGE RATE
dc.subjectREAL EXCHANGE RATES
dc.subjectREAL GDP
dc.subjectREAL INTEREST
dc.subjectREAL INTEREST RATE
dc.subjectREAL INTEREST RATES
dc.subjectREMITTANCES
dc.subjectRESERVE
dc.subjectRESUME
dc.subjectRETURN
dc.subjectRETURNS
dc.subjectRISK PREMIUM
dc.subjectSALES
dc.subjectSAVINGS
dc.subjectSAVINGS RATE
dc.subjectSECONDARY SCHOOL
dc.subjectSEIGNIORAGE
dc.subjectSENIOR
dc.subjectSKILLED WORKERS
dc.subjectSMALL BUSINESSES
dc.subjectSMALL ENTREPRENEURS
dc.subjectSOLVENCY
dc.subjectSTAKEHOLDERS
dc.subjectSTOCK DATA
dc.subjectSTOCKS
dc.subjectSTRATEGIC INVESTORS
dc.subjectSUSTAINABLE DEVELOPMENT
dc.subjectT-BILL
dc.subjectT-BILL RATE
dc.subjectT-BILLS
dc.subjectTARIFF BARRIERS
dc.subjectTAX
dc.subjectTAX COLLECTION
dc.subjectTAX RATES
dc.subjectTAXATION
dc.subjectTELECOMMUNICATIONS
dc.subjectTOTAL COSTS
dc.subjectTOTAL DEBT
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTRADE LIBERALIZATION
dc.subjectTRADE POLICY
dc.subjectTRADING
dc.subjectTRADING COSTS
dc.subjectTRANSACTION
dc.subjectTRANSACTION COSTS
dc.subjectTRANSPARENCY
dc.subjectTREASURY
dc.subjectTRUST FUND
dc.subjectUNEMPLOYMENT
dc.subjectURBAN UNEMPLOYMENT
dc.subjectVIRTUOUS CYCLE
dc.subjectWAGES
dc.subjectWTO
dc.titleKenya : Accelerating and Sustaining Inclusive Growthen
dspace.entity.typePublication
okr.date.doiregistration2025-05-07T09:21:32.496552Z
okr.doctypeEconomic & Sector Work::Policy Note
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2008/07/9761398/kenya-accelerating-sustaining-inclusive-growth
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid617471468273325825
okr.identifier.externaldocumentum000333037_20080813012252
okr.identifier.internaldocumentum9761398
okr.identifier.report42844
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2008/08/13/000333037_20080813012252/Rendered/PDF/428440ESW0gray10Box327426B01PUBLIC1.pdfen
okr.region.administrativeAfrica
okr.region.countryKenya
okr.sectorIndustry and trade :: Other domestic and international trade
okr.sectorFinance :: General finance sector
okr.sectorEducation :: General education sector
okr.sectorPublic Administration, Law, and Justice :: Central government administration
okr.sectorAgriculture, fishing, and forestry :: Agricultural extension and research
okr.sectorTransportation :: Roads and highways
okr.sectorPublic Administration, Law, and Justice :: General public administration sector
okr.sectorIndustry and trade :: General industry and trade sector
okr.themeRural development :: Rural non-farm income generation
okr.themeTrade and integration :: Other trade and integration
okr.themeMicro, Small and Medium Enterprise support
okr.themeEconomic management :: Macroeconomic management
okr.themeEconomic management :: Analysis of economic growth
okr.themeRule of law :: Personal and property rights
okr.themeRule of law :: Legal institutions for a market economy
okr.themeFinancial and private sector development :: Infrastructure services for private sector development
okr.themeTrade and integration :: Export development and competitiveness
okr.themeHuman development :: Education for the knowledge economy
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicEconomic Theory and Research
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicMacroeconomics and Economic Growth
okr.unitAFT: PREM 2 (AFTP2)
okr.volume1 of 1
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