Rwanda: Selected Issues

IMF Staff Country Reports, July 13, 2017

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This Selected Issues paper analyzes investment strategy to foster structural transformation in Rwanda.
Over the past 15 years, Rwanda has transformed its economy by moving workers out of agriculture into mostly services and some industry.
This transformation has been accomplished through strong public investment flows and efficient public investment management.
Going forward, the challenge is whether the private sector can complement the infrastructure assets put in place by the public sector and maintain economic momentum.
Continued government effort is required in:
- raising education standards,
- better matching qualifications offered to students to those most in demand by employers,
- lowering electricity and transportation costs.

Structural transformation in Rwanda over the past 15 years involved a shift of labor from agriculture into mostly services and some industry.
Strong public investment flows and efficient public investment management were central to this transformation.
The sustainability of momentum depends on private sector engagement to complement public infrastructure.

Encourage private sector participation to leverage public infrastructure assets.
Improve education quality and align educational qualifications with labor market demand.
Reduce costs of electricity and transportation to support private-sector-led growth.

Subject: Economic sectors, Financial markets, Gender, International organization, Monetary policy
Keywords: Africa, Agricultural sector, banking sector soundness indicator map, C. gender inequality, D. gender equality in Rwanda, EAC gender inequality indicator, Financial inclusion, Gender inequality, Global, private sector credit, Sub-Saharan Africa, UN gender inequality Index, Women