APRM • SECOND COUNTRY REVIEW REPORT OF THE REPUBLIC OF KENYA TABLE OF CONTENTS APRM PARTICIPATING COUNTRIES ii ACKNOWLEDGEMENTS iii Table of Contents iv List of Figures xii List of Tables xiv List of Boxes xiv POLITICAL MAP OF KENYA xv KENYA FACTS AND FIGURES, 2015 xvi KEY ECONOMIC INDICATORS xvii Exports by Principal Commodity, 2011 – 2014 (Values in USD Million) ABBREVIATIONS AND ACRONYMS xix xxii EXECUTIVE SUMMARY 29 CHAPTER ONE 53 1. INTRODUCTION 53 1.1. The APRM and its Implementation in Kenya 51 1.2. The APRM Process 53 1.3. The implementation of the APRM process in Kenya 56 1.4. Methodology for the 2nd Review of Kenya 59 1.5. CRT County Forum Meetings 59 CHAPTER TWO 61 2. BACKGROUND 61 2.1 Overview 61 2.2 Political Developments 61 2.3 Overview of Macroeconomic Performance 64 2.3.1 GDP Growth 64 2.3.2 Fiscal Policy 65 2.3.3 Monetary Policy 66 2.3.4 Exchange rate 66 2.3.5 Credit 66 | iv |