Rwanda ranks among the top performers on the continent in economic management and structural policies, according to the World Bank’s Country Policy and Institutional Assessment study released on Monday. The report comes at a time the country is starting a new fiscal year (yesterday), 2014/15, and should create confidence among stakeholders and investors. It is no secret that a mismanaged economy spells doom for every citizen.
That’s why these findings should present a challenge to government departments, especially those in areas that did not perform well to up their game as the country seeks to attain its development targets.
Ensuring prudent financial management and a better business climate will promote growth and bring out improved service delivery to the public. It will also help the country achieve its development objectives under the second Economic Development and Poverty Reduction Strategy (EDPRS II) that is expected to deliver Rwanda to a middle class economy.
Also, the good performance in these key areas creates confidence among investors and funders. More investments and sources of finance mean more jobs, increased tax collections and better household income, thus, ensure the realisation of EDPRS II goals.
Government departments like the Office of the Auditor General, the Ombudsman’s office and the central bank should also be lauded for their efforts in ensuring a prudent monetary policy, attractive business environment, as well as accountability and good governance.
However, let this performance create the impetus required to do even better because resting on our laurels could breed negative energy and vices. This also calls for the involvement of all citizens, especially to make leaders across the board accountable to foster good governance.