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Introduction The turbulence in Kenya has been an important aspect in my life In conversations with my mother Ive had the opportunity to discuss many facets of life in Kenya before the oil shock The IMF has been a part of Kenya since 1963 and their impact has been inconsistent The oil shock of the 1970s was the key to the unraveling of Kenyas economic reform The IMF made proposals to help Kenyas economic performance from 1963 to 1973 which were effective but in appearance only according to my opinion There were other aspects in Kenya that provided answers not deducted by the IMF before the oil crisis The IMF was the sole provider of concepts to industrialization after the oil shock They didnt tackle the problems faced by Kenya in an efficient manner The IMF is a necessary aspect to a countrys development but I do not believe that they have the ability to adapt to the ever-changing economy faced by its membership I would like to determine the impact of the IMF on Keny as economy We must have comparison to have an idea for their ability to modify their plans to facilitate to the changes in the world The ideas of globalization privatization and industrialization are ideas that the IMF promotes and insists on for countries that it provides debt relief to I question the effectiveness of these policies for a nation that is having difficulty with their capital markets To determine how the oil shock undermined the IMFs plans we must look at the conditions of Kenya from independence to the oil shock Another area to look at is how the oil shock changed the economic outlook for Kenya What policies were being used in Kenya that were then rendered useless In conclusion I will deal with some analysis of current ideas which Kenya is implementing or considering How was Kenya performing before the oil shock of the 1970s
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