By disrupting the flow of credit, financial instability, in turn, becomes a threat to economic performance. 2 The information that is necessary for the efficient functioning of the financial system is by its nature asymmetric: Often, one party to a financial contract (typically the lender) has much less accurate information about the outcome of an investment than does the other party (typically the borrower).
Drilling of Electricity Generating Steam Wells (geothermal), upgrading the National Grid System with New Transmission Lines and expanding the Rural Electrification project. A debut IFB worth Ksh18.5 bn (USD231.25 mn) was successfully issued in February 2009. The largest successful single IB of USD 395mn issued in August 2010. Three other IFBs of total value: USD 807.5mn issued so far.