Many countries have resorted to central bank financing in these difficult times. Normally, this is a recipe for disaster. But I am very pleased that this has never been a problem in Fiji. The Government has been very proactive in containing non-essential expenditure and has embarked on major reforms of the civil service and the public sector.
Ladies and Gentlemen: Moving forward, CBK and the industry players are in the process of developing a national strategy for financial education and consumer protection in Kenya as another avenue of taking financial inclusion to the next frontier. The starting point for financial education is at the level of individual players – the agents for disseminating the knowledge.