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The programme will run for the next five years until Under EDPRS I, more than one million Rwandans moved out of poverty, particularly through an emphasis on job-creation and equal distribution of social services like healthcare These achievements are expected to be consolidated under EDPRS II, which seeks to reduce poverty from 45 per cent to 30 per cent. The strategy is focusing on four areas, economic transformation, rural development, productivity and youth employment, as well as accountable governance.
When you look at the past work done by the government, they are vigorous and accountable, meaning that the target is very achievable. But how will all these targets be realised? But here we are celebrating the achievement of over 90 per cent of our goals. This proves that any country, even those with limited natural and human resources can and should aspire to eradicate poverty and grow to a middle income country. It also targets to create over , new off farm jobs and increase private sector investments to To achieve these targets, the Government is banking on the private sector to be the main driver of the economy to ensure the programme achieves its goals, including the Private sector players are confident the mission is achievable if there is the right environment to attract investments into the country, including incentives.
He notes that a strong private sector is the pillar of any economic growth, but says this is only possible if there is a good investment climate. Muhimuzi calls for more efforts to woo investors into these sectors to boost job-creation and, hence, reduce poverty among households. The industrial sector grew at an average rate of 9. According to Jean Claude Karayenzi, the director general of the Chamber of Finance at PSF, transforming the private sector by increasing investments in priority sectors such as infrastructure, ICTs, skills development and energy, as well as attracting investors in priority sectors of the economy will help the country achieve EDPRS II objectives.
For Jackson Rugambwa, an economist, stimulating entrepreneurship, increasing access to finance and off farm employment, as well as enhancing productivity of the private sector is the best way to achieve EDPRS II goals. Also, the Government has identified five regional towns it hopes will be poles of growth and investment to create jobs for the youth and reduce the problem of rural-urban migration.
These are Rubavu that will be developed as a tourism city, Musanze whose growth will revolve around building material businesses, and Nyagatare for commercial farming. Others are Huye for tertiary education and Rusizi. In all these regional cities, the private sector is playing a leading role with the Government providing key infrastructure to ease their role and enhance the investment climate. This will greatly support government projects that promote growth.
For example, the northern district of Gicumbi will focus on increasing milk and wheat production for cross-border trade, whereas Gakenke will augment mining activities due to its wealth in minerals such as tin, wolfram and coltan.
Nyaruguru District in the south will have a tarmac road constructed to connect it to Huye District to facilitate inter-district trade. The Government will also seek investors in palm oil processing and paper manufacturing in Ngoma District in the east, while tarmac roads of up to 20km and feeder roads of km and power lines will be constructed in Nyagatare District. The district projects are only a tip of the iceberg.
EDPRS IIcovers the entire country, with plans to expand the private sector to ensure urbanisation fuelled by district led development, employment and strengthened government accountability. The country was named the tenth fastest growing economy in the decade since , a million people were lifted out of poverty in five years and its population is somewhat stabilising, according to the Ministry of Finance statistics.
With a good measure of private sector efforts and more support from the government, EDPRS II is set to drive Rwanda towards its desired goal of development, self-reliance and global competitiveness.
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EDPRS II: Can the private sector deliver Rwanda’s growth agenda?