1 Subjects: “...Basel II...”

2 “... was CFAF 1,741.89 billion in 2012; real growth was ?1.2 percent, that is, excluding inflation (2.7 percent...”

3 “... revenue was missed by about 2 percent of GDP and the indicative target on social spending was missed by a...”

4 “... on December 2, 2013. A concurrent 18-month SCF arrangement was approved on June 8, 2016 to support adjustment...”

5 “... second Economic Development and Poverty Reduction Strategy (EDPRS 2) covers FY2013/14–2017/18. It builds...”

6 “.... Kenya’s second Medium Term Plan (MTP-2) that covers 2013–2017 seeks to build on the successes of the MTP1...”

7 “... to 4 percent during 2000–08 to 2.25 to 2.50 percent in 2010–14, implying that the output gap in 2014...”

8 “... remained well anchored at an annual rate of about 2 percent. Fiscal policy was challenging for most of 2015...”

9 “... arising from the pandemic, the Executive Board approved on April 2 and June 11, 2020 the authorities...”

10 “... to 2.2 percent from 0.9 percent in 2020 helped by a good harvest. However, inflation is expected...”

11 “... revenue was missed by about 2 percent of GDP and the indicative target on social spending was missed by a...”

12 “... remained contained at 0.2 percent. Growth is expected to reach 5.2 percent in 2017, mainly on the back...”

13 “... and domestic environment. Real GDP growth in 2014 is estimated at 9.2 percent, driven by copper production...”

14 “... and poverty reduction. GDP is estimated to have contracted by 4.2 percent in 2020. Two RCF disbursements...”

15 “... almost 6 percent in 2015–16, with a surplus on the external current account and inflation below 2 percent...”

16 “... and reserve buffers increased (Tables 1a and 1b and Figures 1 and 2). This progress in a market-friendly...”

17 “... and poverty reduction. GDP is estimated to have contracted by 4.2 percent in 2020. Two RCF disbursements...”

18 “... 5 percent to -2 percent in 2020 both on account of the pandemic (reflecting a slowdown in external...”

19 “...After two years of protracted political turmoil and delays in reforms, the authorities put in place...”

20 “...After two years of protracted political turmoil and delays in reforms, the authorities put in place...”