RE: “World Bank credits private sector growth with Rwanda’s economic stability” (The New Times, October 4).
It is very encouraging to see the World Bank analyzing private sector-led growth strategy as the reason behind the sustainable growth.
This world financial institution has enumerated the contributory factors to be market diversification, structural reforms—such as business regulation, rule of law, protection of property rights and government effectiveness which all put together have contributed to this phenomenal growth.
Special mention has been made of the tourism and the agricultural sectors which have given the economy a great boost.
However in my frank opinion, it is the rich and remarkable Rwandan spirit which complements private sector as well as Government initiatives, thus enabling this great land of a thousand hills to be a glowing example to the world.