Sector Plan for Financial Services 2013-2017

Abstract

The goal of the Financial Services Sector under Kenya Vision 2030 is to make Kenya a vibrant and globally competitive financial sector driving high levels of savings and financing Kenya’s investment needs. This Plan defines our initiatives and strategies for 2013 – 2017. The Plan provides guidance and recommendations towards achieving this goal and sets out the project and programmes to be undertaken during the Second Medium Term Plan. Kenya’s economic growth during the First Medium Term Plan MTP 2008-2012 has been commendable, particularly coming during the time of global weakness and uncertainty. Financial services have gained deeper roots, providing financial access, efficiency and stability to a greater number of the population. These achievements have been because of economic stability through sound economic policies and market oriented financial reforms. We expect these achievements to continue during the Second MTP period. This will be driven by a participatory process involving financial sector players, regulators and other institutions including relevant Government Ministries, Departments and Agencies under the leadership of the National Treasury. Furthermore, it will involve Development Partners including the International Monetary Fund (IMF), the World Bank and Financial Sector Deepening (FSD) Kenya...