A MEMO TO THE IMF BY CIVIL SOCIETY ORGANIZATIONS ON KENYA’SECONOMICCHALLENGES AND PRIORITIES: 4TH REVIEW OF KENYA’SFISCAL CONSOLIDATION PROGRAM

Background
This memo was prepared by members of the Okoa Uchumi Campaign, outlining issues for
submissionto the International Monetary Fund (IMF) during the meeting with civil society
organizations on Thursday 19th January 2023. Members of the campaign came together upon
reviewing the IMF 4th Staff Review Report of the EFF and ECF arrangements of Kenya and
raised issues of economic concern based on the findings of the report.
Introduction
In April 2021, the IMF officially approved the Fiscal Consolidation Program for Kenya,
anchored in the Extended Fund Facility (EFF)/ Extended Credit Facility (ECF) that aims to
stabilize the economy and set a basis for a resurgence of growth and shared prosperity. Upon
the IMF completing the 4th review of the ECF/EFF arrangements with Kenya and releasing
the staff report in mid-December 2022, the IMF Country Mission requested for a meeting with
CSOs to deliberate on the progress of the IMF supported Fiscal Consolidation Program and
emerging issues of concern from the findings of the review report.