The second oil shock during the 1979 to 1980 period worsened the terms of trade. This situation was exacerbated by the decline in coffee and tea prices as we 11 as a fa 11 in ex port volume. The global recess ion arrl the poor weather of the 1980s worsened the overall balance of payments situation between 1983 and 1984. The external-debt service charges have grown enormously, from 8.64 million Kenya pounds in 1974 to 254.38 million Kenya pounds in 1986. Service charges in 1987 on external public and publicly guaranteed debt represented 37 per cent of the total BCT/jg A/S-18/PV. 6 48 (~r. Obure, Kenya) value of exports of foods and non-factor services. For the growth of the economy to be stimulated and sustained, the issue of external-debt servicing must be addressed. Lack of much-needed foreign exchange earnings constitutes a a::mstraint on development efforts. In a nutshell, Kenya •s economic growth has become the primary emphasis of economic policy, and the gross d:>mestic product has shown an average growth rate of 4 per cent a year for the last five years despite the impact of world-wide recession. It is favourably noted that the rate of inflation has been kept below 10 per cent per annum over the same period. The key aim of Kenya's development strategy is efficient utilization of scarce resources. The Government will therefore require the private sector to participate in the provision of same of the services such as education and health on a cost-sharing basis. The increasing interdependence of countries and the complexity of the interrelations of the component parts make international economic co-operation essential and the need for its enhancement important and urgent. The objective of the enhanced co-operation should be to achieve sustained world economic growth end fairness in the distribution of the benefits. 
**Analysis**
The text primarily discusses Kenya's economic situation, focusing on the country's balance of payments, external debt, and development strategy. It also touches on the impact of global events, such as the oil shock and recession, on Kenya's economy. While it does not explicitly mention natural resources, agriculture, or forestry, it does mention coffee and tea prices, which suggests a connection to these sectors.

**Category**
Economic development, International trade