Executive Director Dr Rose Ngugi addressed a webinar on the potential of domestic savings in the Global South on 8th February 2023. The webinar, which was organized by UNU-WIDER, was graced by Cabinet Secretary, The National Treasury and Economic Planning Prof Njuguna Ndung’u, IMF Resident Representative, Kenya Dr Tobias Rasmussen and UNU-WIDER Director Prof Kunal Sen.
Dr Ngugi underscored the importance of savings and noted that although savings by Kenyans remains low, the government has taken initiatives such as liberalizing the financial sector through interest rate policy and commitment to fiscal sustainability to increase domestic savings.
