Rwanda does well in pol­icy

East African Business Week - - NEWS -

KIGALI, RWANDA-Rwanda has for the sec­ond time in a row topped the World Bank Country Pol­icy and In­sti­tu­tional As­sess­ment (CPIA) rank­ing for sub-sa­ha­ran Africa scor­ing 4.0 points out of a pos­si­ble 6

Rwanda’s score is above the av­er­age sub-sa­ha­ran score of 3.2. Rwanda also scored a joint top rank­ing along­side Samoa for all coun­tries that re­ceive In­ter­na­tional Devel­op­ment As­sis­tance (IDA) from World Bank.

“This is good news for us. It is a clear in­di­ca­tion of con­fi­dence that World Bank has in Rwanda’s poli­cies and sys­tems. It shows that we are steer­ing the country in the right di­rec­tion in terms of poverty erad­i­ca­tion and sus­tain­able in­clu­sive growth. It is a tes­ti­mony that Rwanda is com­mit­ted to up­hold­ing pru­dent pub­lic fi­nance man­age­ment,” Amb. Claver Gatete, the Min­is­ter of Fi­nance and Eco­nomic Plan­ning said last week.

CPIA is one of World Bank tools aimed at as­sess­ing how a country’s present poli­cies and in­sti­tu­tional frame­work foster poverty re­duc­tion, sus­tain­able growth and the ef­fec­tive use of devel­op­ment as­sis­tance re­sources.

World Bank as­sess 16 in­di­ca­tors which are grouped into four clus­ters namely: Eco­nomic Man­age­ment, Struc­tural Poli­cies, Poli­cies of In­clu­sion and Eq­uity as well as Pub­lic Sec­tor Man­age­ment and In­sti­tu­tion. For each of the 16 cri­te­ria, coun­tries are rated on a scale of 1 (low) to 6 (high).

Higher CPIA scores in­di­cate con­fi­dence in country sys­tems, act as point of ref­er­ence for rat­ing in­sti­tu­tions and are used as bench­mark for in­ter­na­tional in­vestors and donors.

At the sub-sa­ha­ran level, Rwanda was fol­lowed by Cape Verde, Kenya and Sene­gal all which had a 3.8 score.

GOOD NEWS: Amb. Gatete said the recog­ni­tion shows Rwanda is com­mit­ted to up­hold­ing pru­dent pub­lic fi­nance man­age­ment.

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