Kenyan Protests, Part Two: How not to clean up a fiscal mess

Generalized erosion of fiscal pact and trust in government raise the specter of widespread tax evasion, proliferation of informality, and unmanageable deficits

This is the second of a three part series on the current economic and political crises in Kenya. Part One addresses the political foundations of the crisis. Part Two will tackle the real economic challenges that the current administration inherited, and arguably made worse. Finally, Part Three will conclude with some thoughts on the set of bad options o…