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{
    "id": 269647,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/269647/?format=api",
    "text_counter": 458,
    "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, as I said, the Central Bank window makes it a lender of last resort. You do not just access it “anyhowly” and when you want. You access it after you have exhausted all the other available options. Let us be clear that this is an overnight rate and whatever you borrow today, it must be repaid the following day. Therefore, it was not right to look at the total amounts, the turn over, and then you say that the banks borrowed Kshs600 billion from the Central Bank. First of all, the capital of the CBK is Kshs5 billion. My fellow colleagues, is it possible for an institution with a capital of Kshs5 billion to lend Kshs600 billion? It is not possible!"
}