Page 11 of 12  Supplementary charts Government borrowing costs  25 20  Germany  Italy  France  Per cent  15 10 5 0 -5 1980 - 1983 - 1986 - 1989 - 1992 - 1995 - 1998 - 2001 - 2004 - 2007 - 2010 - 2013 - 2016 Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan  Central Bank rates for EMs similar to SA  14  Per cent  12 10 8 6 4 2 0 2005/01/31 Colombia  2008/01/31 Mexico  2011/01/31  2014/01/31  South Africa  Page 12 of 12  Chile  2017/01/31 Peru
Kenya was initially referred to the ICRG for being a high risk area/jurisdiction and the absence of anti-money laundering and terrorist financing laws. Over time Kenya has addressed the deficiencies that led to the Financial Action Task Force (FATF) review process.