Over the past year or so, the pace of economic growth has slowed greatly in the wake of a much more subdued international performance. With such a high dependence on international trade and a disproportionately large ICT sector, it was inevitable that Ireland would feel the draughts from the developments in the international economy.
•  The strength of Kenyan banks is now being felt in the region, specifically within the East African Community. To facilitate information sharing and supervisory cooperation amongst the Central Banks, particularly for regional banking groups, the five East African Central Banks signed a Memorandum of Understanding early this year.