Towards an Appropriate Financial System for Rural Transformation in Uganda

Firimooni R. Banugire

No 197425, 1987 Occasional Paper Series No. 4 from International Association of Agricultural Economists

Abstract: Rural transformatmn that embraces an agrarian revolution requires self-sustained capital accumulation plus people's participation in the development process. A system of people's rural development banks constitutes an appropriate fmancial system for rural transformation since it involves the above two conditions. A pilot project in one district of Uganda shows that a nationwide system of people's banks would almost double deposits, multiply the volume of credit several-fold, and dehver the necessary technical assistance to rural producers. Its considerable quantitative and qualitative impacts on the rural economy justify immediate attention to this vital rural development programme.

Keywords: Community/Rural/Urban Development; Financial Economics (search for similar items in EconPapers)
Pages: 9
Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:ags:iaaeo4:197425

DOI: 10.22004/ag.econ.197425

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