01860cas a2200241 a 4500 AALejournalIMF018824 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484381342 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. African Dept. Kenya : Selected Issues. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (65 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Selected Issues paper analyzes Kenya's success in boosting financial inclusion. Kenya has become a regional and global leader in mobilizing new technologies to advance financial inclusion, poverty reduction, and growth. The rapid progress of financial inclusion in Kenya has been a result of a friendly environment for the absorption of information technology, dynamic local banks, and open and stable regulations. Advances in financial inclusion over the past 10 years have allowed Kenyans to reap many of the benefits of financial access at a much faster pace than the typical cycle of financial deepening in low- and middle-income countries. Mobile financial services have lowered the transaction cost of remittances, allowing Kenyan households to smooth consumption in the face of shocks and significantly reducing poverty. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2018/296 Full text available on IMF http://elibrary.imf.org/view/journals/002/2018/296/002.2018.issue-296-en.xml IMF e-Library