APRM • SECOND COUNTRY REVIEW REPORT OF THE REPUBLIC OF KENYA
policy framework prioritizes allocating more resources to infrastructure development, in
order to anchor the growth in the sectoral sectors.
306.
The CRM found that each of the 47 Counties had developed their own five-year development
plans, the County Integrated Developed Plans (CIDPs), based on the flagship projects
elaborated in the Medium term Plans. These project focus on a range of socioeconomic
development issues, primarily: (i) addressing equity and balance in development across
all regions; (ii) increasing community empowerment; (iii) minimizing differences in income
opportunities and access to social services; (iv) enhancing wealth creating opportunities
for disadvantaged groups and regions; (v) increasing the availability of affordable and
accessible credit; and (vi) improving health infrastructure in underserved areas in the
country.
307.
This alignment of economic policy making with the Kenya Vision 2030 is praiseworthy.
It has allowed the setup of economic policy to be appropriately reoriented towards the
developmental goals of securing socioeconomic economic development much more
directly. By advocating for sustained high growth rates and identifying the priority sectors
that can deliver the growth, the Kenya Vision 2030 on the right course.
(iv)
308.
Impact of economic policies
The government’s economic programme has delivered a number of notable successes:
•
Macroeconomic stability has largely been secured, with sound fiscal and monetary
management, which has enabled the delivery of low inflation and withstand a number
of vulnerabilities to the economy;
Figure 3: Kenya: Evolution of inflation rates (% change in consumer price index)
16.2
14.5
14
11.79
9.4
10.5
9.8
9.87
6.9
4.1
2004
2005
2006
2007
2008
2009
2010
2011
2012
Source: Kenya National Bureau of Statistics (2016), Economic Survey 2016
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6.6
5.7
2013
2014
2015
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