In sum, this is what, to me, largely explains the unsustainable developments in the run-up to the crisis. Hence, work is needed on three levels. First of all, the countries have to correct the macroeconomic imbalances and to boost the potential for sustainable growth by regaining competitiveness, by consolidating public finances, and by catching up on long-delayed structural reforms.
Credit information sharing allows the market to build information capital for the financial sector in Kenya. This will help build credit histories of borrowers and support a change of collateral technology in use currently. Development of information capital will remove information asymmetry that promotes moral hazard and adverse selection consequences in the financial market.