Education, health, and major infrastructure activities sit at the centre of this approach. That makes sense. In a competitive world, however, the plan is only half the story.
Execution is what actually counts. And execution has to line up tightly with the second National Strategy for Transformation(NST2) whose priorities are clear - to create decent jobs, boost exports, raise the quality of education, and modernise agriculture.
Rwanda's debt remains at moderate risk, according to the World Bank and the International Monetary Fund (IMF). A large part of the external loans come on soft terms.
Growth reached 9.7 per cent in the first half of this year. Keep up with the latest headlines on WhatsApp | LinkedIn The deficit has narrowed. Rating agencies have kept stable outlooks.
These are good foundations. But none of them automatically turn borrowed money into repayment capacity. That only happens if the investments deliver real returns on the ground.