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  Government defectors joined with KANU to form a new opposition coalition, the Orange Democratic Movement (ODM), which defeated the government's draft constitution in a popular referendum in November 2005.
  UN-sponsored talks in late February 2008 produced a power-sharing accord bringing ODINGA into the government in the restored position of prime minister.
  Although the regional hub for trade and finance in East Africa, Kenya has been hampered by corruption and by reliance upon several primary goods whose prices have remained low.
  In 1997, the IMF suspended Kenya's Enhanced Structural Adjustment Program due to the government's failure to maintain reforms and curb corruption.
  The IMF, which had resumed loans in 2000 to help Kenya through a drought, again halted lending in 2001 when the government failed to institute several anticorruption measures.
  In the key December 2002 elections, Daniel Arap MOI's 24-year-old reign ended, and a new opposition government took on the formidable economic problems facing the nation.
  After some early progress in rooting out corruption and encouraging donor support, the KIBAKI government was rocked by high-level graft scandals in 2005 and 2006.
  In 2006, the World Bank and IMF delayed loans pending action by the government on corruption.
  The international financial institutions and donors have since resumed lending, despite little action on the government's part to deal with corruption.
  Post-election violence in early 2008, coupled with the effects of the global financial crisis on remittance and exports, reduced GDP growth to 1.
  7 in 2008, but the economy rebounded in 2009-10.
  Country Forecast Kenya January 2018 Updater
  Threats to political stability will ease after the Supreme Court accepted the result of the presidential election rerun, leading to the inauguration of Uhuru Kenyatta for a second (and final) five-yea ...
  PEST Country Analysis Report on Kenya
  Kenya: In-depth PEST insightsSummaryThis PEST country analysis report on Kenya provides a holistic view of the country, with insightful analysis of current and future issues, supplemented with relevant ...
  Three months after the annulled August presidential poll, it is clear that the Supreme Court's decision has resulted in considerable economic and political costs. Kenya is now in a worse position than ...