Kenya - Country economic memorandum and annex on agricultural issues
REUTLINGER, S. | EATON, D. | BIGMAN, D.
Strong swings in Kenya's economic performance and slowing down in overall growth reflect the fundamental structural problems of the economy. Kenya now faces the necessity of making difficult and far-reaching policy decisions to remedy these structural weaknesses in the context of a generally unfavorable world economic environment. Efforts must be made to revitalize the agricultural sector, restructure the industrial sector to make it more internationally competitive, design government expenditure plans which are consistent with resource availablities, support growth of the productive sectors and contribute to meeting basic needs, and reduce the rate of population growth. The Fourth Plan makes these efforts, but the program of structural adjustment must be executed first. The structural adjustment program should result in a more equitable pattern of income distribution and a manageable balance of payments situation. A second phase of the program is under consideration. Fundamental restructuring of the pattern of development will be difficult but is essential. Agricultural issues are discussed in the annex.
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