Kenya - Competitiveness and Economic Recovery Support Programme (CERSP)

Competitiveness and Economic Recovery Support Programme (CERSP) is designed as a programmatic series of two consecutive General Budget Support (GBS) operations covering the fiscal years 2020-2021 and 2021-2022. It aims at (i) Domestic resource mobilization; (ii) Expenditure rationalization; (iii) Debt management; (iv) Manufacturing value addition and trade; and (v) Framework for social protection and women’s economic empowerment; and strengthened (vi) Infrastructure governance framework; (vi) Entrepreneurship and MSME development framework. The programme will support Kenya’s medium to long term development agenda by building on the achievements of the COVID-19 ERSP approved in 2020. It will place particular emphasis on enhancing fiscal performance, strengthening industrial development and competitiveness, and supporting MSME development, social protection and women’s economic empowerment. The CERSP is built around three complementary and mutually reinforcing components: (1) attaining Fiscal Sustainability; (2) strengthening Industrial Development and Competitiveness; and (3) enhancing Economic and Social Inclusion.