Bloomberg reports that the International Monetary Fund (IMF) predicts that economic growth in Kenya will accelerate to 3.2% in the current fiscal year and 4.6% next year.

The IMF’s executive board “commended the Kenyan authorities for implementing sound macroeconomic policies that are now contributing to a nascent recovery from the recent multiple adverse shock,” the Washington-based fund said today in an e-mailed statement.

The IMF also welcomed Kenya’s plans to start gradually withdrawing fiscal stimulus in the next budget year and recommended monetary policy focused more on price stability.