Kenya attained relatively higher growth rates during the Medium-Term Plan (MTP) II than during the Economic Recovery Strategy for Wealth and Employment Creation (ERS-WEC) and MTP I phases. Economic growth averaged 5.5 per cent during the MTP II phase compared to an average of 5 per cent and 4 per cent attained during the ERS-WEC and MTP I period. The improvement in growth rates between MTP I and MTP II led to tripling of per capita income during the same period. However, it is noteworthy that the country did not meet the growth targets under MTP I and MTP II.
Consequently, there was a significant drop in poverty rates during MTP I and MTP II periods. Economic growth rate translated to poverty reduction, though at a relatively slower pace. According to the KIHBS of 2005/06 and KIHBS 2015/16, poverty rate dropped from 46.6 per cent in 2005/06 to 36.1 per cent in 2015/16. This implies that poverty dropped by an average of 1.1 percentage points per year between 2005/06 and 2015/16. However, during the same period, the country attained an average growth of 5.0 per cent. Therefore, the rate of economic growth was relatively faster than poverty reduction pace.
Sustaining Momentum for Achieving the Kenya Vision 2030: A Review of the Status of Implementation of the Flagship Projects
EfD Authors
Country
Sustainable Development Goals
Publication reference
Benson Kiriga, Evelyne Kihiu, Anne Gitonga, Mathew Muma, Boaz Munga, James Ochieng’, Hellen Chemnyongoi, Paul Lutta, Charity Mbaka, Nahashon Mwongera and Benson Senelwa and Christopher H. Onyango (2022). Sustaining Momentum for Achieving the Kenya Vision 2030: A Review of the Status of Implementation of the Flagship Projects. KIPPRA Special Paper No. 33, 2022