Interest rate caps can have far-reaching consequences on the composition and maturity of commercial bank loans and deposits. This paper carefully documents these impacts on the formal financial sector...
After multiple headwinds dampened growth in 2017, a nascent rebound in economic activity in Kenya is gaining momentum. Notwithstanding the projected rebound in economic activity risks are tilted to the...
The negative GDP growth rate recorded in the first quarter of FY 2016/17 is indicative of the recent difficulties that Uganda has faced in achieving the rates of growth required to enable the country to...
This note draws from an emerging literature on firm informality as well as data collected on micro enterprises and informal firms as part of the World Bank’s enterprise survey initiative for Kenya. The...