Allow me to mention some indicators of the financial sector performance that painted a rosy picture in the last 12 months to April 2009: •  The Sector’s assets increased by 12% from Kshs. 1.09 trillion in April 2008 to Kshs. 1.23 trillion at the end of April 2009 as banks continued to expand their lending portfolio. •  Deposits increased from Kshs.
Monetary policy has been earmarked for exchange-rate stabilisation. Second, it is just as important that fiscal policy has “come through” - to use a modern expression. Fiscal policy has been responsible for ensuring stable and credible macroeconomic development in the medium term. Adjustments have been made primarily in connection with the annual Finance Acts. Nevertheless, in isolated cases specific measures were required.