The Economy of Rwanda
Vision 2020 and Vision 2050
Rwanda set long-term plans to become a middle-income, knowledge-based economy, with targets for growth, health and education.
A country with a long-term plan.
Vision 2020
Adopted in 2000, it aimed for middle-income status by 2020 and a shift from farming to services.
Results
Poverty fell and growth averaged around 7 per cent for years, though the middle-income target was only partially met.
Vision 2050
A new plan sets goals for high-income status by 2050.
Method
Regular targets, performance contracts and monitoring drive implementation.
Imihigo
Local leaders sign public performance contracts with targets and are evaluated on results.
Assuming plans alone create growth
Delivery matters.
Key takeaways
- Vision 2020 was adopted in 2000.
- Growth averaged about 7%.
- Vision 2050 sets new goals.
- Performance contracts drive delivery.
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