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

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...

Full description

Bibliographic Details
Main Author: Ministry of Finance
Format: Other Financial Sector Study
Language:English
en_US
Published: Nairobi 2014
Subjects:
IPO
Online Access:http://documents.worldbank.org/curated/en/2011/06/18792536/kenya-medium-term-debt-management-strategy-2011
http://hdl.handle.net/10986/17656
id okr-10986-17656
recordtype oai_dc
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic 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
spellingShingle 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
Ministry of Finance
Republic of Kenya : Medium Term Debt Management Strategy, 2011/12-2013/14
geographic_facet Africa
Kenya
description 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.
format Economic & Sector Work :: Other Financial Sector Study
author Ministry of Finance
author_facet Ministry of Finance
author_sort Ministry of Finance
title Republic of Kenya : Medium Term Debt Management Strategy, 2011/12-2013/14
title_short Republic of Kenya : Medium Term Debt Management Strategy, 2011/12-2013/14
title_full Republic of Kenya : Medium Term Debt Management Strategy, 2011/12-2013/14
title_fullStr Republic of Kenya : Medium Term Debt Management Strategy, 2011/12-2013/14
title_full_unstemmed Republic of Kenya : Medium Term Debt Management Strategy, 2011/12-2013/14
title_sort republic of kenya : medium term debt management strategy, 2011/12-2013/14
publisher Nairobi
publishDate 2014
url http://documents.worldbank.org/curated/en/2011/06/18792536/kenya-medium-term-debt-management-strategy-2011
http://hdl.handle.net/10986/17656
_version_ 1764437832569454592
spelling okr-10986-176562021-04-23T14:03:39Z Republic of Kenya : Medium Term Debt Management Strategy, 2011/12-2013/14 Ministry of Finance 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 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. 2014-04-07T20:03:41Z 2014-04-07T20:03:41Z 2011-06 http://documents.worldbank.org/curated/en/2011/06/18792536/kenya-medium-term-debt-management-strategy-2011 http://hdl.handle.net/10986/17656 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ Nairobi Economic & Sector Work :: Other Financial Sector Study Africa Kenya