Finally the ECB is encouraging the development of a new form of securitisation (i.e. the refinancing of household and business loans on the loan markets), on condition however that these new products are simple and transparent – in other words that they do not make the same mistakes that led to the crisis.
Comprehensive, accurate and timely data is a prerequisite for better policy and strategic decision making, particularly in the quest to attract foreign direct investment to Kenya. It is therefore important that the exercise is carried out flawlessly. The data collected through past surveys has been incorporated in the Balance of Payments statistics and also enabled the compilation of Kenya’s International Investment Position (i.e.