Aligning Kenya’s Financial System with Inclusive Green Investment : Current Practice and Future Potential to Mobilize Investment in a Sustainable Economy
Kenya’s fast-growing economy is the largest in East Africa, and serves as a trade and investment hub for East and Central Africa. While the economy is diversifying, it remains largely dependent on natural resources. Agriculture and tourism account...
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| Language: | English en_US |
| Published: |
International Finance Corporation, Washington, D.C.
2017
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| Online Access: | http://documents.worldbank.org/curated/en/920861487661321589/Current-practice-and-future-potential-to-mobilize-investment-in-a-sustainable-economy http://hdl.handle.net/10986/26321 |
| Summary: | Kenya’s fast-growing economy is the
largest in East Africa, and serves as a trade and investment
hub for East and Central Africa. While the economy is
diversifying, it remains largely dependent on natural
resources. Agriculture and tourism account for nearly half
of gross domestic product (GDP).This report aims to promote
inclusive green investment in Kenya. It focuses on policy,
structural, and investment innovations across the economy
and financial sector that would increase capital flows that
support sustainable development. Inclusive green investment
forms an important part of the broad environmental, social,
and governance (ESG) considerations that underpin
sustainable investment. Green investment supports economic
growth in a clean, resilient, and sustainable manner – such
as initiatives to encourage more efficient use of resources,
reduce pollution, and mitigate environmental damage.
Inclusive investment serves not only investors, but the
broad interests of society, particularly low-income segments
of the population. |
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