White Paper: Inclusive Finance for Sustainable Economic Development
Kenya’s progress on inclusive financial sector development over the past five years places Kenya at the front of the curve relative to its peers. But beneath its headline success story, falling financial health and growing disparities in financial usage point to underlying challenges that compromise the ability of financial inclusion to deliver on its promise for inclusive and sustainable growth.
This white paper explores the macroeconomic and financial sector developments in Kenya between 2016 and 2021, analyses the limitations of Kenya’s growth model; looks at why finance matters for inclusive and sustainable growth and development, and explores challenges and opportunities in leveraging finance for sustainable and inclusive growth. Anzetse Were co-authored the paper.