Njuguna Ndung’u: Sustainable finance initiatives across the Kenyan financial sector Remarks by Professor Njuguna Ndung’u, Governor of the Central Bank of Kenya, at the Technical Experts Convening on Long-Term Sustainable Finance in Kenya, Nairobi, 11 February 2015.
The financial crisis has proved that this view is fallacious. The sovereign debt crisis carries many of the hallmarks of a balance-of-payments crisis. It is by now obvious that a central bank whose job it is to equalize monetary conditions between the crisis countries and the safe-haven countries will inevitably face a formidable task.