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The Central Bank of Kenya (CBK) develops the laws, regulations and guidelines that govern commercial banks, microfinance banks, credit reference bureaus, mortgage finance companies and others in the banking sector. In addition to ensuring the financial system's stability and efficiency, CBK is also mandated to focus on access thus bringing financial inclusion into the mainstream. Despite all the developments in the financial system, a large percentage of Kenyan population has continued to lag behind in poverty.
a) As a young graduate of development finance engaged to support reforms in the financial sector/system in Kenya discuss the key areas of focus.
b) Discuss what the Central bank of Kenya should do to facilitate financial inclusion into the mainstream and achieve financial sanity.
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