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Economic & Sector Work :: Other Financial Sector Study

Republic of Kenya : Medium Term Debt Management Strategy, 2011/12-2013/14

ACCOUNTING ACTIVE DEBT AMORTIZATION ANNUAL BORROWING PLAN AUCTION AUCTIONS BALANCE OF PAYMENT BALANCE OF PAYMENTS BANK DEBT BANK LOAN BANK RATE BASIS POINTS BENCHMARK BONDS BIDS BOND BOND INDEX BOND ISSUES BORROWING PLAN BORROWING STRATEGY BUDGET DEFICIT BULLET BOND BULLET REPAYMENT CAPACITY BUILDING CAPITAL FLOW CASH FLOW CENTRAL BANK CENTRAL GOVERNMENT DEBT CENTRAL GOVERNMENT FINANCING CENTRAL GOVERNMENT GUARANTEE COMMERCIAL BANKS COMMERCIAL LOAN COMMERCIAL TERMS COMPOSITION OF DEBT CONSUMER PRICE INDEX CONTINGENT LIABILITIES CONTINGENT LIABILITY CORPORATE BOND CORPORATE BOND MARKETS CORPORATE BONDS COUPON COUPON RATE CREDIBILITY CREDIT AGENCIES CREDIT MARKET CREDIT SPREAD CREDITORS CURRENCY COMPOSITION DATED SECURITIES DEBT DEBT ACCUMULATION DEBT BURDEN DEBT FINANCING DEBT ISSUES DEBT LEVEL DEBT MANAGEMENT DEBT MANAGEMENT DEPARTMENT DEBT MANAGEMENT OPERATIONS DEBT MANAGEMENT STRATEGY DEBT PORTFOLIO DEBT RECORDING DEBT REPAYMENT DEBT SERVICE DEBT STOCK DEBT STRATEGY DEBT SUSTAINABILITY DEBT SUSTAINABILITY ANALYSIS DEGREE OF RISK DEPOSIT DEVALUATION DEVELOPMENT BANK DISBURSEMENTS DOMESTIC BORROWING DOMESTIC CURRENCY DOMESTIC DEBT DOMESTIC DEBT MARKET DOMESTIC DEBT MARKETS DOMESTIC FINANCING DOMESTIC INTEREST RATES DOMESTIC MARKET EMERGING MARKETS EXCHANGE RATE EXCHANGE RATE MOVEMENTS EXCHANGE RATES EXPENDITURE EXPENDITURES EXTERNAL BORROWING EXTERNAL DEBT EXTERNAL FINANCING EXTERNAL RESOURCES FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCING REQUIREMENT FINANCING REQUIREMENTS FIXED INTEREST FIXED INTEREST RATE FLOATING RATE FOREIGN CURRENCY FOREIGN DEBT FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES GLOBAL ECONOMY GOVERNMENT BORROWING GOVERNMENT BUDGET GOVERNMENT DEBT GOVERNMENT INVESTMENT GRACE PERIOD GROSS DOMESTIC PRODUCT IMPLICIT GUARANTEES INFLATION INFLATION RISK INFORMATION SYSTEM INFRASTRUCTURE BOND INFRASTRUCTURE BONDS INFRASTRUCTURE INVESTMENT INSTITUTIONAL INVESTORS INSTRUMENT INTEREST COST INTEREST COSTS INTEREST PAYMENTS INTEREST RATE INTEREST RATE RISK INTEREST RATES ON GOVERNMENT SECURITIES INTEREST RATES ON TREASURY BILLS INTERNATIONAL BOND INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MARKET INTERNATIONAL CAPITAL MARKETS INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INTERNATIONAL MARKET INTERNATIONAL MARKETS INVESTMENT BANK INVESTMENT PROJECTS INVESTOR BASE INVESTOR DEMAND IPO ISSUANCE ISSUANCE OF TREASURY BILLS LEGAL FRAMEWORK LEVEL OF DEBT LEVEL OF RISK LIQUIDITY LOAN LOAN AGREEMENTS LOAN GUARANTEE LOAN GUARANTEES LOCAL ECONOMY LONG-TERM DEBT MACROECONOMIC ENVIRONMENT MACROECONOMIC RISKS MACROECONOMIC STABILITY MARKET CONDITIONS MARKET CONFIDENCE MARKET DEEPENING MARKET DEVELOPMENT MARKET ENVIRONMENT MARKET INFRASTRUCTURE MARKET PARTICIPANTS MARKET PRICES MATURITIES MATURITY MATURITY STRUCTURE MONETARY FUND MONETARY POLICY MONEY MARKET MONEY MARKET INSTRUMENTS NATURAL DISASTERS OVERDRAFT FACILITY PENSION POLITICAL UNCERTAINTY PORTFOLIO PORTFOLIO RISKS PUBLIC BORROWING PUBLIC DEBT PUBLIC DEBT MANAGEMENT PUBLIC FINANCE RATES OF RETURN REAL INTEREST REAL INTEREST RATE REMITTANCE REMITTANCES REPO REPO AGREEMENTS REPO MARKET RESERVES RETAIL INVESTOR RETURNS RISK EXPOSURE SECONDARY MARKET SECONDARY MARKET TRADING SECONDARY TRADING SETTLEMENT SETTLEMENT OF TRADES SHORT TERM DEBT SHORT-TERM BONDS SHORT-TERM EXTERNAL DEBT SHORT-TERM INTEREST RATES SINKING FUND SOVEREIGN BOND SOVEREIGN DEBT SOVEREIGN DEBT MARKETS SOVEREIGN RISK STOCK EXCHANGE TOTAL DEBT TRADING TRADING SYSTEM TRANSPARENCY TREASURY TREASURY BILL TREASURY BILLS TREASURY BOND TREASURY BONDS YIELD CURVE YIELD CURVES
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Nairobi
Africa | Kenya
2014-04-07T20:03:41Z | 2014-04-07T20:03:41Z | 2011-06

The objective of debt management in Kenya is to finance the Government financing requirements at the least cost with a prudent degree of risk. The 2011 Medium Term Debt Strategy (MTDS) outlines the government's preferred strategy to guide debt management operations in FY2011-12. It seeks to balance the cost and risk of both the existing public debt portfolio and alternative borrowing mix. This report explores the objectives of debt management in Kenya, an overview of the previous medium term debt strategy, key developments, characteristics of the existing debt portfolio, outcomes of analysis of strategies, debt sustainability and implementing the 2011 MTDS.

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