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Rwanda’s policies best in supporting economy

Rwanda’s policies and state agencies are the most supportive in sustaining development and poverty reduction compared to its East African peers.


According to the World Bank’s annual country policy and institutional assessment for sub-Saharan Africa, Rwanda had the best policies and institutions last year, which supported services to its citizens and promoted economic growth.

The study indicates there was considerable diversity in aggregate scores across the region’s 38 countries, with Rwanda maintaining the lead with a score of four, followed by Cape Verde, Kenya and Senegal, all with a score of 3.8. Uganda and Tanzania tied at the third position with a score of 3.7.

The study assesses the quality of a country’s policy and institutional progress using 16 development indicators in four areas which include economic management, structural policies, policies for social inclusion and equity, and public sector management and institutions.

Countries are rated on a scale of one to six for each indicator.
“The CPIA rates the performance and challenges of poor countries in order to determine the allocation of low to zero-interest financing and grants for countries that are eligible for support from the World Bank’s International Development Association,” World Bank said. Seven countries registered improvements in the CPIA score while another 12 had a decline in performance.

Ghana was among the gainers, having rebounded from a score of 3.4 in 2014 to 3.6 in 2015, thanks to improvements in monetary and fiscal management, property rights and rule-based governance, quality of budgetary management, and efficiency of tax policy.

Zimbabwe also performed better from a score of 2.2 in 2012 to 2.9 in 2015, a 0.7-point increase over three years. Other gainers were Comoros, Central African Republic, Chad, Guinea and Niger.

Burundi and Gambia experienced the sharpest decline in the score in the wake of political tensions in the two countries.

Jimirasire

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