KIPPRA hosted a Stakeholder Workshop on the Review of the KIPPRA Treasury Macroeconomic Model (KTMM) on 27th September 2024. The workshop was graced by Director of Economic Management, Dr. Eldah Onsomu representing of the Executive Director Dr Rose Ngugi and attended by representatives from the State Department of Economic Planning, Central Bank of Kenya, Kenya Revenue Authority, African Export-Import Bank, University of Nairobi, and Addis Ababa, Kenyatta and Rongo Universities.
The KTMM was developed between 2000 to 2003 by KIPPRA in collaboration with the National Treasury. Over the years, KIPPRA and the National Treasury have used the model for budget planning process, building scenarios for discussions with the donors, and in conducting research. The model has also formed an important foundation for KIPPRA’s capacity building initiatives for economists serving in the government of Kenya and other governments in the region.

The objective of the workshop was to present and discuss the nine re-estimated behavioral equations for the KTMM model based on more recent data for the period 1990-2023 and leveraging on recent economic developments in the economy that motivated the review. The projections based on the revised model were also discussed during the workshop. KTMM continues to be a useful tool for policy analysis and forecasting key macroeconomic aggregates for the Kenyan economy.
Participants during the workshop: Prof. Alemayehu Geda (Addis Ababa University and Research Fellow at African Export-Import Bank), Prof. John Almadi Obere (Rongo University), Dr. Angelica Njuguna (Kenyatta University), Prof. Martine Oleche (University of Nairobi), Dr. Anthony Gathogo (Central Bank of Kenya), Mr. Cyrus Mutuku (Kenya Revenue Authority), Mr. Aaron Ngeno and Ms. Everlyne Kerina (from State Department of Economic Planning), and the KIPPRA Team comprised of Dr. Eldah Onsomu, Mr. Jacob Nato, Ms. Laureen Karima, Mr. Elvis Kiptoo, Mr. Samwel Mwongera, and Ms. Lovian Atieno.