Kenya - Financial and Legal Sector Technical Assistance Project : restructuring : Main report (English)

The objective of the Financial and Legal Sector Technical Assistance Project for Kenya is to create a sound financial system and strengthened legal and judicial capacity that will ensure broad access to financial and related legal services. The rational... See More + The objective of the Financial and Legal Sector Technical Assistance Project for Kenya is to create a sound financial system and strengthened legal and judicial capacity that will ensure broad access to financial and related legal services. The rational for the proposed reallocation is to facilitate completion of project activities and substantial achievement of development objectives by removing constraints related to the project's co-financing structure reflected in the legal agreement. With Department for International Development (DFID) funds close to being depleted, and the Government of Kenya (GoK's) contribution exhausted, reallocating and increasing the portion financed by the International Development Association (IDA) credit, and increasing the special account ceiling, would allow for the full implementation of ongoing activities that were deemed crucial for the achievement of objectives. This notably includes the finalization of the automation and modernization of supervisory processes of all financial sector supervisors, as well as activities related to the legal sector.  See Less -