Banking and Payment system
Capital Markets
Financial Sector Reports

Banking Payment System


The National Financial Education Strategy (NFES)

Since 1998, Rwanda’s national development policies have been guided by Vision 2020 which sets forth the country’s aspiration to transform Rwanda into a middle income country by the year 2020.To contribute to this goal, the Government of Rwanda recognizes the importance of the Financial sector and made the Financial Sector Development Program (FSDP) one of the key components to drive the country.

A crucial component of FSDP II’s plan to increase financial inclusion to 80% by 2017 is the establishment of a National Financial Education Strategy (NFES), aimed at deepening and broadening the financial literacy of Rwandans. The Ministry of Finance and Economic Planning (MINECOFIN) became the lead Government arm in the development of the NFES, with active engagement from the BNR.

Financial education has a key role in not only improving knowledge of personal finance, but also transforming this knowledge into action. It provides the tools for sound money management practices on earning, spending, saving, borrowing and investing. Financial education enables people to take greater advantage of appropriate financial services – both formal and informal that are available to them, and encourages financial behaviors that enhance their overall economic well-being.

The National Financial Education Strategy targets different segments of the population including; children, youth and adults with more emphasis on rural adults and youth.

Related Document Click here

Financial Sector Strategy

The Rwanda Financial Sector Strategy is a long-term development strategy that governs the entire financial sector of Rwanda. The Strategy focuses on financial inclusiveness driven by Access to Finance as the Government rediscovers the benefits of savings. The particular attention has been to reach out to the remaining underserved Rwandans through fast expansion of private credit which has to be accompanied by saving as a key enabler to finance productive activities.

 Related Document Click here

FinScope Rwanda Survey 2012

FinScope survey is a tool that assesses the levels of access to various financial and other services and is conducted after every four years and funded by FinMark Trust - an independent Trust whose purpose is “making financial markets work for the poor, by promoting financial inclusion and regional financial integration”. In pursuit of its goal of improving the livelihoods of the poor through the usage of financial products and services, FinMark Trust recognizes the complementary role of governments (as policymakers and regulators) and the private sector (as service providers) and believes that the availability of credible financial sector information enables effective, evidence-based dialogue amongst financial sector role players, and that this  facilitates the development of effective interventions that are essential for sustainable financial market development.


The first implementation of the FinScope survey Rwanda in 2008 was driven by lack of credible information to guide policy interventions and financial service providers in their efforts to expand the reach and depth of the Rwandan financial system. Consequently, FinScope Rwanda survey 2012 provided insights to guide policy makers and regulators in terms of how to address or respond to some of the challenges confronted in order to meet financial inclusion targets. It also provides financial service providers with crucial strategic information regarding their target markets and the financial services these markets need - enabling them to extend their reach and broaden the range of services they provide. The survey reveals a holistic understanding of how individuals generate an income and how they manage their financial lives. It identifies the factors that drive financial behaviour and those that prevent individuals from using financial products and services.

Related Document click here

Who we are

National Planning

Budget & Payments

Laws & Regulations


©  2020  Ministry of Finance and Economic Planning.