The Think WIDER Webinar Series - New perspectives on domestic revenue mobilization continues on 7 February 2023 with a presentation and a panel discussion on domestic savings in the Global South.
Domestic financing plays a crucial role in the revenue collection efforts of developing countries. Countries with high domestic savings rates tend to experience higher economic growth rates than others. The greater the domestic savings, the greater is the much-needed flexibility to implement homegrown policies to confront growth and development challenges. Furthermore, a high savings rate reduces vulnerability to sudden shifts in international capital flows.
Until now, there has been limited research taking place on this important topic, in spite of the increasing availability of good quality data. This one-hour session will share the key results of UNU-WIDER’s project The domestic savings shortfall in developing countries – what can be done about it?
The event is chaired by UNU-WIDER Director Kunal Sen, and the introduction to the topic is given by Dr Rose Ngugi, the Executive Director of the Kenya Institute for Public Policy Research and Analysis (KIPPRA). Discussants and panelists include Njuguna Ndung’u (Cabinet Secretary of The National Treasury and Planning, Kenya), Tobias Rasmussen (International Monetary Fund Resident Representative, Kenya) and Amir Lebdioui (Development Economist, SOAS University of London).