DOWNLOAD: World Bank's Critique Of Rwanda President Paul Kagame's Economic Development Model
4 years agoMon, 19 Aug 2019 15:04:52 GMT
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,
- Rwanda is poorer than its neighbours,
- Rwanda has worse education than its neighbours,
- Rwanda is more dependent on Foreign Aid,
- Rwanda has a hardly existing private sector,
- Rwanda attracts less foreign investment,
- Rwanda’s Structural transformation momentum has weakened, affecting the potential of the economy to create nonfarm jobs.
- Rwanda has the dismal infrastructure, and
- Rwanda is biased to and favours government or ruling party companies, and
- 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.
More: The Rwandan
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