This makes it essential that the Committee have a keen understanding of these challenges from both a home and a host supervisor perspective. In recent years, the Committee has strengthened its outreach through, for example, more frequent meetings with chairs of regional groups of banking supervisors and with the Committee’s Core Principles Liaison Group, which includes representatives from 16 non-G10 countries.
Over the past ten years, the proportion of the adult population in Kenya with access to formal financial services and products has risen from 27 percent in 2006 to 75.3 percent in 2016. This represents a remarkable achievement by any standard, and Kenya’s success in financial inclusion has been widely acclaimed, locally and internationally.