Rwanda calls for Private Investments to supplement Development Cooperation efforts

Posted on 30.11.2016

The Minister of Finance and Economic Planning Claver Gatete has called for the push to have Official development Assistance (ODA) leverage private investments from developed countries to effectively eradicate poverty.

Minister Gatete is currently attending the second High Level Meeting (HLM2) of the global partnership for effective development which kicked off today in Nairobi, Kenya where he is representing Government of Rwanda.

Appearing on a panel discussion to discuss ‘Unleashing the potential of development cooperation to attract private investment’, Minister Gatete said “Indeed development assistance has been crucial in alleviating poverty however we need to strengthen systems and business climate to attract private sector investments.  We need to enable private sector partnerships between developed and developing countries”.

“We should put in place an effective legal and regulatory framework that enables private sector to participate in poverty eradication by streamlining public-private partnerships” Minister Gatete added.

The 4 day conference hopes to set priorities for improving development cooperation in the context of the 2030 Agenda for Sustainable Development. Held under the theme of 'Towards Inclusive and Accelerated Implementation of the 2030 Agenda,' the HLM will provide a platform for Heads of State and Government, ministers, heads of international organizations, business and civil society to showcase successes, as well as identify and scale up innovative approaches to sustainable development.

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