Search Results

You are looking at 1 - 4 of 4 items for :

  • "CBK monetary policy framework" x
Clear All
International Monetary Fund. Monetary and Capital Markets Department
This Financial System Stability Assessment paper discusses that Kuwait’s limited economic diversification is directly reflected in the bank-centric financial sector. Banks have high concentrations to single borrowers, large depositors, and sectors, as well as significant common exposures. Risks to the financial sector are mostly external, stemming from oil price shocks, geopolitical tensions, and global financial developments. The risks are mitigated by sizeable sovereign financial assets, and by the ability of public entities to provide liquidity through large deposits. Stress tests suggest that banks are resilient to a wide range of shocks. The newly developed regulatory framework for capital market participants and products is an important step, but some gaps remain. The authorities have made important progress in strengthening the macroprudential framework. The crisis management framework and financial safety net arrangements should be strengthened and further operationalized. The diversification and resilience of the economy is expected to benefit from better financial inclusion of small-and-medium enterprises.
International Monetary Fund. Monetary and Capital Markets Department

whether such consent can be sought at contract inception; (iv) taking the actions required to enable sales of assets in PSIAs as a recovery/resolution option, including contractual insertions into PSIA contracts that give IAHs consent to novate or transfer to a suitable new Muḍarib in the event of a predefined stress. Managing Systemic Liquidity 26. The CBK monetary policy framework is oriented towards maintaining the exchange rate peg versus an undisclosed currency basket . The CBK sets a discount rate and offers facilities that establish an interest rate

International Monetary Fund. African Dept.

to a level consistent with the prevailing expectations of inflation. Nevertheless, the CBK should watch for new inflationary pressures that may emerge from higher global food and oil prices, and adverse climatic shocks. In the immediate, the CBK needs to bring the interbank rate within the predetermined corridor around its policy rate through increased liquidity absorption. This will enhance the effectiveness of the CBK monetary policy framework that assigns a pivotal role to the policy rate. The CBK should continue gradually accumulating foreign exchange reserves

International Monetary Fund. African Dept.
The staff report for the fourth review under the three-year arrangement under the Extended Credit Facility, request for a waiver and modification of performance criteria, prepared by a staff team of the IMF, following discussions that ended on September 25, 2012, with the officials of Kenya on economic developments and policies. Based on information available at the time of these discussions, the staff report was completed on October 15, 2012. The views expressed in the staff report are those of the staff team and do not necessarily reflect the views of the Executive Board of the IMF.