DOWNLOAD: World Bank’s Critique Of Rwanda President Paul Kagame’s Economic Development Model

The World Bank on 25 June 2019 released the Rwanda Systematic Country Diagnostic, which gives a critique of Rwanda’s economic development model.

Some of the essential conclusions the Bank made include the observation that,

1. Rwanda is poorer than its neighbours,
2. Rwanda has worse education than its neighbours,
3. Rwanda is more dependent on Foreign Aid,
4. Rwanda has a hardly existing private sector,
5. Rwanda attracts less foreign investment,
6. Rwanda’s Structural transformation momentum has weakened, affecting the potential of the economy to create nonfarm jobs.
7. Rwanda has the dismal infrastructure, and
8. Rwanda is biased to and favours government or ruling party companies, and
9. The Rwanda President has a bias towards long-term projects at the expense of those aiming at addressing current issues.

This comes at a time when the International Monetary Fund regards Rwanda as the second fastest-growing economy in Africa after Ethiopia.

Download the World Bank document here.

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