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About: Kenya Economic Stimulus Program     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:Unit108189659, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: Thingplaceyago:Abstraction100002137yago:AdministrativeUnit108077292yago:Agency108337324yago:Group100031264yago:Organization108008335yago:WikicatGovernmentAgenciesOfKenyayago:YagoLegalActoryago:YagoLegalActorGeoyago:YagoPermanentlyLocatedEntityyago:SocialGroup107950920yago:Unit108189659 New Facet based on Instances of this Class

The Kenya Economic Stimulus Program (ESP) was a spending plan initiated by the Government of Kenya to boost economic growth and lead the Kenyan economy out of the 2007–2008 Kenyan crisis and the Great Recession. It was introduced in the 2009/2010 Budget Speech in parliament by Finance Minister Uhuru Kenyatta. Its aim was to jumpstart the Economy of Kenya towards long term growth and development, after the 2007–2008 Kenyan crisis and post-election violence that affected the Kenyan economy. Other economic problems included prolonged drought, a rally in oil prices and food prices, and the effects of the Great Recession. The stimulus was a response to the decline in the economic growth rate from 7.1% in 2007 to 1.7% in 2009.