Kenya's government-backed economic think tank, the National Economic and Social Council (NESC), on Saturday urged the government to fast track the implementation of proposed political reforms to facilitate the entrenchment of an investment climate in the country.
The 17th council session meeting chaired by Prime Minister Raila Odinga which ended on Saturday noted that prompt implementation of the recommended reforms under Agenda Item four of the National Accord is crucial to investment.
"The council was of the view that prompt implementation of the political reforms including the agenda four is crucial to enhancing the investment climate in Kenya," the prime minister said in a statement at the conclusion of the two-day meeting.
The council also resolved to review institutional structures set in the post independence era to evaluate their viability and relevance to the regulative and marketing demands of modern economic times.
Odinga said the meeting endorsed an overhaul of the post independence economic growth plan amid fears that some of the structures in place outlived their usefulness hence the need to update them to conform to present day challenges.
"I am of the view that prompt implementation of the political reforms including Agenda Four is crucial to enhancing the investment climate in Kenya," he said.