- June 7, 2016
- Posted by: admin
- Category: Debt Management
By Claude Murenzi
2011
The paper examines the situation of debt office in Rwanda. It takes into account the importance of the debt management in the economy, the place of debt and its impact in the budget plan.
The aim of the study is to show the problems that the debt office in Rwanda faces, the consideration given to the debt management of the country and after comparing it to those of other countries in the region.
In order to have that picture, some methods like collection of data and interviews have been used to achieve the performance goals.
Results from research show that there are some problems of neglect and follow up in the debt area in both Ministry of Finance and the Central Bank. There is no capacity building plan for debt office managers. The two institutions deal with external and domestic debt and there is no clear mandate of each institution in the area of debt and this leads to overlapping of responsibilities. The Ministry of Finance of Rwanda faces the lack of human resources problem.
It’s crucial for Rwanda to develop a good structure of Debt Management Office including a plan for capacity building in order to make its proper debt strategy analysis without external support.
Authorities from Ministry of Finance and Central Bank should collaborate to set up the mandate of each institution.