*  *  *  Mr. Saleh Usman Gashua, the Secretary General, AFRACA; Mr. Isaac Awuondo, Group CEO, Commercial Bank of Africa; Distinguished Participants; Ladies and Gentlemen: It is my honour to extend a warm welcome to all of you to Nairobi and specifically to the Kenya School of Monetary Studies (KSMS).
First, are there any policies that might significantly increase foreign exchange earnings in the near term? The answer is, not really. The only way to increase foreign currency inflows in the short run is by borrowing, attracting foreign direct investment, or selling assets to foreigners.