IMF’s recent engagements on infrastructure governance

Public Investment Management Assessment (PIMA) January 2022
Climate PIMA (C-PIMA) April 2022
PPP Fiscal Risk Management April 2022
Climate-Sensitive Public Investment Policy February 2023



Summary of PIMA report

(Published in August 2023)


Public investment to support economic transformation has been a high priority for the Rwandan government. The Rwandan government’s objective is for Rwanda to reach middle-income status by 2035 and high-income status by 2050, with public investment playing an important role in supporting this vision. The role of public investment in achieving these goals was initially elaborated on in Vision 2020 and later Vision 2050, which focused investment on human capital development, growth-enhancing infrastructure, and developing areas of higher value economic activity. Public investment has averaged around 10 percent of gross domestic product (GDP) since the early 2000, though given depreciation and the high rate of economic growth, this is only sufficient to keep the public capital stock steady. Investment has accelerated in recent years with several large public sector projects, including the Kigali Convention Center, the Kigali Arena, and Bugesera International Airport. As a result, Rwanda’s level of public investment is now well above comparator countries and other low-income developing countries.


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