Under the guidance of the Economic Recovery Strategy for Wealth and Employment Creation (ERS), the Kenyan economy has recovered and resumed the path to rapid growth.
The economy is expected to grow by more than 6 per cent in 2007 from 0.6 per cent in 2002.
The growth has been widely distributed, covering all economic and social sectors resulting in reduction in poverty levels from 56 per cent in 2002 to 46 per cent in 2006. Also this growth has not only impacted positively on the indicators of other MDGs, for example, education, health, gender, and environment, but also availed more resources to address the MDGs across the economy. Currently, more resources have been devolved to the local level through such schemes as the Constituency Development Fund, the Local Authority Transfer Fund, the Constituency Bursary Fund, and the Constituency Aids Fund among others to directly address the MDGs at this level. Despite the development registered under the ERS, the country continues to face challenges in infrastructure and in institutional reforms the need for for highest efficiency in production at firm and household levels. On the whole, Kenyans have reason to be satisfied by the results even though much remains to be done. ERS expires in December 2007 and Kenya will embark on a new long-term vision to guide her development in the next 25 years.