IMF Staff Country Reports

This paper on Rwanda presents a technical assistance report on Public Investment Management Assessment (PIMA). Public investment to support economic transformation has been a high priority for the Rwandan government. The Rwandan government’s objective is for Rwanda to reach middle-income status by 2035 and high-income status by 2050, with public investment playing an important role in supporting this vision. The role of public investment in achieving these goals was initially elaborated on in Vision 2020 and later Vision 2050, which focused investment on human capital development, growth-enhancing infrastructure, and developing areas of higher value economic activity. Rwanda faces challenging infrastructure needs, as it is a landlocked country with complex geography. Across the PIMA, Rwanda is particularly strong in planning and coordination institutions but has mixed results in allocation and implementation. Rwanda’s planning institutions are very strong, with a comprehensive strategic framework for investment and tight integration of sub-national government investment plans.