- 05/16/2019 at 4:02 pm #870686EduGorillaKeymasterSelect Question Language :
The creation of VSLAs should please the Ugandan finance minister. Ugandans save barely 10% of the GDP, Ezra Suruma complained in his national budget speech in June last year, compared to 30% in other emerging economies. “I call upon all Ugandans to save a part of their income, no matter how small,” the minister said. “Research all over the world has shown conclusively that poor people can, and do, save. Savings is the proven route to get out of poverty.”
The assumption in Ezra’s argument is that
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Even rich Ugandans do not save a part of their income.
Ugandans do not save in spite of being aware of the benefits of savings.
Even the poorest in Uganda have the capacity to save.
the number of poor people in Uganda is more than the number of rich people.
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