However, to ensure smooth participation in ERM II, major policy adjustments – for example with regard to price liberalization and fiscal policy – would need to be undertaken before entering the mechanism. And an agreement among all parties involved in ERM II must be achieved on the central rate and the width of the fluctuation band.
Through the revolving Fund, women have been able to access loans and venture into a variety of productive economic activities and employment, which have triggered positive multiplier effects. These businesses have created jobs for the women themselves as well as thousands of other Kenyans. Increases in their disposable incomes have translated into better nutrition for their families, better clothing, healthcare, food security and education.