Depositary notes as capital raising tool for the government

The basic tenet of public finance as advanced in economic development theory is the fundamental role that government plays through its revenue and expenditure policy decisions to improve the welfare of its citizens.

Kenya set its development agenda in 2008 through its economic blueprint, Vision 2030, whose implementation has been through five-year Medium Term Plans (MTPs), with the country preparing to transition into the third Medium Term Plan (2018-2023).