| Project Detail |
The objective of the Financial Sector Support Project for Kenya is to strengthen the legal, regulatory and institutional environment for improved financial stability, access to, and provision of, affordable and long term financing. The project will have four components. The first component is the strengthening institutions. This component will focus on the overarching reform, modernization, and capacity support to the financial sector institutional framework. This component will deliver technical assistance to the various beneficiaries, mostly in the form of consultancies, to design roadmaps and action plans, and implementation support to realize the planned reforms. It will also support the upgrade of IT systems and deliver capacity support to ensure a more effective functioning of the financial architecture. The second component is the enabling efficient financial intermediation. This component will move forward the financial inclusion agenda in the Republic of Kenya with a focus on strengthening financial infrastructure and making more transparent the pricing of financial intermediation (savings and lending) so that more businesses and individuals have access to affordable financial products. The third component is the mobilizing of long-term finance. This component will focus on strengthening the demand for and supply of long-term funds so that Kenya?s growing development finance needs for long-term projects in infrastructure, housing, etc. can be met. Finally, the fourth component is the project management. |
