Mobile phone payments in Kenya

I took my oldest grandson, 16 year old Bryce Davidson, with me to Nairobi where I continued advising the Central Bank of Kenya for the IMF on formulating and implementing monetary policy. The CBK has lowered the inflation rate from over 20% in 2008 to under 5% over the last 12 months. Bryce helped me enjoy many of the beautiful sights of Kenya (see some of our picture in Facebook). Between our sightseeing and my work at the CBK, I managed to prepare a note on the fascinating development of mobile phone payments, which was published a few days ago in The Daily Caller.  http://dailycaller.com/2010/04/10/kenya-owes-monetary-advances-to-imf-world-bank/. Please rate it at the end of the article. Thanks

About wcoats

Dr. Warren L. Coats specializes in advising central banks on monetary policy, and in the development of their capacity to formulate and implement monetary policy. He is retired from the International Monetary Fund, where, as Assistant Director of the Monetary and Financial Systems Department, he led missions to over twenty countries. Before then, he served as Visiting Economist to the Board of Governors of the Federal Reserve System, and to the World Bank, and was Assistant Prof of Economics at the Univ. of Virginia from 1970-75. Most recently he was Senior Monetary Policy Advisor to the Central Bank of Iraq; an IMF consultant to the central banks of Afghanistan, Kenya and Zimbabwe; and a Deloitte/USAID advisor to the Government of South Sudan. He is currently a member of the Editorial Board of the Cayman Financial Review and until the end of 2013 was a member of the IMF program team for Afghanistan. His most recent book is entitled "One Currency for Bosnia: Creating the Central Bank of Bosnia and Herzegovina."
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