Kenya’s central bank is targeting leading local banks to provide liquidity in the government bonds market as part of a broader shift aimed at ensuring the availability of buyers and sellers and enhancing price transparency in transactions.
The reform plan, backed by the International Monetary Fund (IMF) and the World Bank, targets heavily capitalised banks regulated by the Central Bank of Kenya (CBK), which will serve as market makers by consistently providing price quotations for the buying and selling of treasury bond
