The Financial Sector Adjustment Credit Project for Kenya was unsatisfactory. The project did not achieve its objectives, institutional development was only partially achieved, sustainability is unlikely...
The outcome of the Financial Sector Adjustment Credit Project for Kenya was unsatisfactory. The project achieved some of its objectives, institutional development was modest, sustainability is uncertain...
The credit will support wide ranging policy and institutional reforms in the financial sector. The policy reforms include interest rate liberalization, more active use of generalized monetary policy instruments...