The Ministry of Finance and Economic Planning today hosted the 65th Development Partner Coordination Group (DPCG).
The DPCG is the highest-level coordination body responsible for overseeing the entire aid coordination system. It brings together policy makers and development partners to discuss development related issues. It is composed of Permanent Secretaries, heads of bilateral and multilateral donor agencies, as well as representatives of civil society and the private sector.
During the meeting, Development Partners were briefed on the status of the economy, the 2017-18 budget framework paper, affordable housing financing scheme and updates on the development of vision 2050, the third Economic Development and Poverty Reduction Strategy (EDPRS3).
Chairing the DPCG meeting, the Permanent Secretary and Secretary to Treasury Caleb Rwamuganza highlighted Government’s need to address affordable housing and called upon development partners to work with government on sustainable solutions.
Despite Government efforts, private sector led approaches have produced minimum houses targeting middle income and high. Government seeks to involve development partners through initiatives such as equity, long term credit and provision of lines of credit among others in a bid to increase the number of affordable houses.
Mr. Yasser El Gammal, World Bank Country Director and co-chair of DPCG noted that Rwanda had managed to hold its own last year which is seen as one of the worst years for sub Saharan Africa in last two decades. He urged government to engage development partners and civil society on key development issues and assured continued support for development initiatives.
Mr. Lamin Maneh, the outgoing United Nations Residence Coordinator and the second co-chair said that prudent policies have kept Rwanda relatively safe faced by sub-Saharan countries. “There are a lot of lessons to learn from Rwanda and we should help other countries learn from Rwanda’s experience.
DPCG is chaired by Permanent Secretary and Secretary to Treasury of the Ministry of Finance and Economic Planning and co-chaired by World Bank and the UN.