Those achievements has partly also been reflected in a better investor risk perception as shown in the decline of credit default swap (CDS) spread, which is now stable at around 180 bps for 5 years CDS, and recent sovereign rating improvement from major rating agencies.
Fiscal side The shocks that have taken place in 2008 and continuing food supply constraints have put a strain on the budget and a risk of overshooting the fiscal targets. The Government intended to borrow Ksh54 billion from the domestic market in the current fiscal year. This, so far has not changed.