The Bank's current baseline scenario for the world economy is as follows: emerging economies will first pick up, partly due to the policy effects; this upturn will exert positive effects on advanced economies, where private demand will start to improve gradually by the time the policy effects dissipate; and the world economy as a whole will eventually return to a moderate growth path.
Uhuru Kenyatta, Deputy Prime Minister and Minister for Finance; Permanent Secretaries, here present; Mr. Martin Oduor Otieno, Chairman, Kenya Bankers Association; Mr. John Wanyela, Chief Executive Officer, Kenya Bankers Association; Mr. David Ferrand, Director, Financial Sector Deepening Trust Kenya; Distinguished Guests; Ladies and Gentlemen: It is with great pleasure that we congregate here this morning to chart the way forward on another avenue of enhancing efficiency in our banking system.