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{
    "id": 269645,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/269645/?format=api",
    "text_counter": 456,
    "type": "speech",
    "speaker_name": "Mr. Githae",
    "speaker_title": "The Minister for Nairobi Metropolitan Development",
    "speaker": {
        "id": 159,
        "legal_name": "Robinson Njeru Githae",
        "slug": "robinson-githae"
    },
    "content": "Mr. Deputy Speaker, Sir, on the Central Bank of Kenya window, I think we need to make it very clear that in the Central Bank of Kenya window--- The CBK acts as a lender of the last resort. Before you are allowed to access the CBK window, first of all you must have borrowed money from the inter-bank market. Before you are allowed to go to the CBK, you must have taken all the other necessary steps to make sure that you are not out of liquidity. You do not just borrow automatically. It is after all these other facilities have failed--- If you have Treasury Bills you have tried to redeem or rediscount them. It is after all that has failed then you are allowed to go to the CBK window, or to the lender of last resort. That is the practice."
}