- Iyabo Masha
- Published Date:
- December 2009
©2009 International Monetary Fund
Production: IMF Multimedia Services Division
Typesetting: Alicia Etchebarne-Bourdin
The Global financial crisis and adjustments to shocks in Kenya, Tanzania, and Uganda: a balance sheet analysis perspective/Iyabo Masha.—Washington, D.C.: International Monetary Fund, 2009.
p.; cm.—(African departmental paper; 09-4)
Includes bibliographical references.
1. Banks and banking—Kenya. 2. Banks and banking—Tanzania. 3. Banks and banking—Uganda. 4. Global Financial Crisis, 2008–2009. 5. Financial crises—Kenya. 6. Financial crises—Tanzania. 7. Financial crises—Uganda. I. International Monetary Fund. II. Title. III. African departmental paper; 09-4.
HG3393.A6 M37 2009
Disclaimer: This publication should not be reported as representing the views or policies of the International Monetary Fund. The views expressed in this work are those of the authors and do not necessarily represent those of the IMF, its Executive Board, or its management.
Please send orders to:
International Monetary Fund, Publication Services
700 19th Street, NW, Washington, DC 20431, U.S.A.
Telephone: (202) 623-7430 Fax: (202) 623-7201
This paper examines the impact of the recent global financial crisis on Kenya, Tanzania, and Uganda using a limited version of the balance sheet approach that focuses only on monetary sector data. The paper was prepared as background material to inform discussions during the Kenya 2009 Article IV Consultation discussion at the IMF Executive Board, and was presented to the Kenyan authorities at a seminar in Nairobi on October 27, 2009.
I would like to thank Michael Atingi-Ego and Martine Guerguil for their comments and guidance, as well as many colleagues in the IMF African Department for their feedback. I would also like to acknowledge comments received from the office of the Executive Director Africa Region on an earlier draft. Special thanks go to Shiv Dixit and Winifred Ellis for research and administrative support.
The opinions expressed in this publication are solely those of its author and do not necessarily reflect the views of the International Monetary Fund, its Executive Directors, or the authorities of Kenya.