In the majority of countries in the region (apart from Bulgaria, Croatia and Romania), credit growth has essentially been financed by deposit growth, and changes in banks’ net foreign asset positions appear to be associated, to an important extent, with rising net claims on central banks.
It is my hope that a Strategic Framework for Affordable Housing Finance will provide solutions on some of the pertinent problems in the housing market in Kenya, sensitive to the immediate demands and the need to have a sustainable vision.