01977cas a2200241 a 4500 AALejournalIMF015521 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513520544 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. African Dept. Kenya : First Review Under the Twelve-Month Stand-By Arrangement and the Arrangement Under the Stand-By Credit Facility, Request for Waivers for Non-Observance of Performance Criterion, and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Kenya. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (83 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper discusses Kenya's First Review Under the Twelve-Month Stand-by Arrangement and the Arrangement Under the Standby Credit Facility, Request for Waivers for Nonobservance of Performance Criterion (PC), and Request for Modification of PC. All quantitative PCs for end-March 2015 were met, but the continuous performance criterion on external arrears was not observed owing to the emergence of temporary technical arrears on external debt. The IMF staff recommends completion of the first review and supports the authorities' request for a modification of PCs for end-September 2015, and for waivers for nonobservance of the PCs on external arrears. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2015/269 Full text available on IMF http://elibrary.imf.org/view/journals/002/2015/269/002.2015.issue-269-en.xml IMF e-Library