Creating Markets in Rwanda : Transforming for the Jobs of Tomorrow
Rwanda has made unsurmountable strides along its development path. Rwanda has placed among the world’s fastest-growing economies, climbing the development ladder from second-poorest in the world in 1994 to sit ahead of nineteen other countries. To...
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| Format: | Report |
| Language: | English |
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International Finance Corporation, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/685821567684905917/Country-Private-Sector-Diagnostic http://hdl.handle.net/10986/32400 |
| Summary: | Rwanda has made unsurmountable strides
along its development path. Rwanda has placed among the
world’s fastest-growing economies, climbing the development
ladder from second-poorest in the world in 1994 to sit ahead
of nineteen other countries. Today, job creation lies at
the heart of Rwanda’s development challenge. The government
of Rwanda (GoR) recognizes the urgency of creating new jobs.
The new thirty-year Vision for the period up to 2050, which
is currently being finalized, elaborates the country’s
long-term development goals. The core of transformation for
prosperity is developing high-value and competitive sectors,
to transition the population and economy from subsistence
agriculture toward industry and high-skilled services. The
purpose of the Rwanda country privates sector diagnostic
(CPSD) is to identify market opportunities and constraints
in sectors that advance the country’s development
objectives. By assessing the landscape of private sector
investment in the country, the CPSD identifies specific
constraints to private sector investment and productivity
growth, concrete opportunities that could materialize in the
short term, and the reforms that will enable this
materialization. It then discusses how specific actions by
the public sector in collaboration with the private sector
by filling gaps in public investment, reforming regulations,
and addressing market failures could unleash sectors’
private investment potential. |
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