Republic of Kenya : Medium Term Debt Management Strategy, 2010/11-2012/13

Republic of Kenya : Medium Term Debt Management Strategy, 2010/11-2012/13

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 2010 Medium Term Debt Strategy (MTDS) is a versatile public debt management tool linked to the medium...

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Bibliographic Details
Main Author: Ministry of Finance
Format: Other Financial Sector Study
Language:English
en_US
Published: Nairobi 2014
Subjects:
ACCOUNTING
ACTIVE DEBT
AMORTIZATION
ANNUAL BORROWING PLAN
AUCTION
BALANCE OF PAYMENT
BALANCE OF PAYMENTS
BANK RATE
BASIS POINTS
BENCHMARK BONDS
BILATERAL CREDITORS
BOND
BOND INDEX
BOND ISSUES
BORROWING PLAN
BORROWING PLANS
BORROWING STRATEGY
BUDGET DEFICIT
BULLET BOND
BULLET REPAYMENT
CAPACITY BUILDING
CAPITAL FLOW
CASH FLOW
CENTRAL BANK
CENTRAL GOVERNMENT DEBT
COMMERCIAL BANKS
COMMERCIAL DEBT
COMMERCIAL TERMS
COMPOSITION OF DEBT
CONSUMER PRICE INDEX
CONTINGENT LIABILITIES
CONTINGENT LIABILITY
CORPORATE BOND
CORPORATE BOND MARKETS
COUPON
COUPON RATE
CREDIBILITY
CREDIT AGENCIES
CREDIT MARKET
CREDIT SPREAD
CREDITOR
CREDITORS
CURRENCY COMPOSITION
DEBT
DEBT BURDEN
DEBT DATABASE
DEBT FINANCING
DEBT ISSUES
DEBT LEVEL
DEBT MANAGEMENT
DEBT MANAGEMENT DEPARTMENT
DEBT MANAGEMENT OPERATIONS
DEBT MANAGEMENT STRATEGY
DEBT MANAGERS
DEBT PORTFOLIO
DEBT RECORDING
DEBT RECORDING SYSTEM
DEBT REPAYMENT
DEBT SERVICE
DEBT STOCK
DEBT STRATEGY
DEBT SUSTAINABILITY
DEBT SUSTAINABILITY ANALYSIS
DEGREE OF RISK
DEPOSIT
DEVALUATION
DEVELOPMENT BANK
DISBURSEMENT
DISBURSEMENTS
DOMESTIC BORROWING
DOMESTIC DEBT
DOMESTIC DEBT MARKET
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 LOANS
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
FOREIGN INVESTORS
GLOBAL ECONOMY
GOVERNMENT BORROWING
GOVERNMENT BUDGET
GOVERNMENT DEBT
GOVERNMENT FINANCING
GOVERNMENT INVESTMENT
GRACE PERIOD
GROSS DOMESTIC PRODUCT
HOLDINGS
HUMAN RESOURCE
INFLATION
INFLATION RISK
INFLATIONS
INFORMATION SYSTEM
INFRASTRUCTURE BOND
INFRASTRUCTURE BONDS
INFRASTRUCTURE INVESTMENT
INSTITUTIONAL INVESTORS
INSTRUMENT
INTEREST COSTS
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
INVESTMENT BANK
INVESTMENT PROJECTS
INVESTOR BASE
INVESTOR DEMAND
INVESTORS IN GOVERNMENT SECURITIES
IPO
ISSUANCE
ISSUANCE OF TREASURY BILLS
LEGAL AUTHORITY
LEGAL FRAMEWORK
LEVEL OF DEBT
LIQUIDITY
LOAN
LOAN AGREEMENT
LOAN GUARANTEE
LOAN GUARANTEES
LOCAL ECONOMY
LONG-TERM DEBT
MACROECONOMIC ENVIRONMENT
MACROECONOMIC POLICY
MACROECONOMIC RISKS
MACROECONOMIC STABILITY
MARKET CONDITIONS
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
MULTILATERAL CREDITORS
NATURAL DISASTERS
OVERDRAFT FACILITY
POLITICAL UNCERTAINTY
PORTFOLIO
PORTFOLIO MANAGEMENT
PORTFOLIO RISKS
PRINCIPAL PAYMENTS
PUBLIC DEBT
PUBLIC DEBT MANAGEMENT
PUBLIC EXTERNAL DEBT
RATES OF RETURN
REAL INTEREST
REMITTANCE
REMITTANCES
REPO
REPO AGREEMENTS
REPO MARKET
RESERVES
RETAIL INVESTOR
RETAIL INVESTORS
RETURNS
RISK EXPOSURE
RISK OF DEFAULT
SECONDARY MARKET
SECONDARY MARKET TRADING
SETTLEMENT
SETTLEMENT OF TRADES
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
TOTAL EXTERNAL DEBT
TRADING
TRADING SYSTEM
TRANSPARENCY
TREASURY
TREASURY BILL
TREASURY BILLS
TREASURY BONDS
YIELD CURVE
YIELD CURVES
Online Access:http://documents.worldbank.org/curated/en/2010/06/18792323/kenya-medium-term-debt-management-strategy-2010
http://hdl.handle.net/10986/17657
Description
Summary: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 2010 Medium Term Debt Strategy (MTDS) is a versatile public debt management tool linked to the medium term fiscal framework that contains prudent revenue projections and planned expenditures consistent with Kenya's economic recovery effort. The strategy seeks to address the terms of new borrowing, including the appropriate mix between domestic and external debt. 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 2010 MTDS.

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