Navigating a difficult global landscape, China has remained committed to its regional development goals, focusing on the integration of sustainable technologies and digital advancements, Kasemsit, a member of the APEC Business Advisory Council (ABAC), said in a recent exclusive interview with Xinhua.
“China has been a very dedicated and consistent player in whatever they said they would do, and they have been on track,” he said.
From electric vehicles to renewable energy solutions, Kasemsit noted that China’s production and export capacity have enabled cost-effective access to technology, especially in sustainable sectors, essential for emerging economies striving to achieve their environmental targets.
Underscoring the importance of collaborative platforms in addressing common challenges ranging from digital transformation to food security and climate change, Kasemsit praised China’s vision for an Asia-Pacific Community with a Shared Future and highlighted the need for deeper cooperation among the 21 APEC member economies.
“China’s vision of a shared future is more pertinent than ever. We need more platforms to bring people together and discuss different issues that everyone is facing at the same time, so there is no point closing doors and trying to do away with organizations or groupings like APEC,” Kasemsit said.
As APEC heads into the 2024 summit hosted by Peru, Kasemsit expressed optimism about the continuation of inclusive and sustainable themes introduced in previous years while calling for a renewed focus on long-term collaboration, particularly in areas such as climate change, digital transformation and sustainable agriculture.
With steady commitment and collaboration, APEC will continue to advance economic integration, technological adoption and sustainable growth, he said.
Kasemsit Pathomsak, vice chairman of the Thai Chamber of Commerce and the Board of Trade of Thailand and also a member of the APEC Business Advisory Council (ABAC), receives an interview with Xinhua News Agency in Bangkok, Thailand, Nov. 5, 2024. (Photo by Tim Santasombat/Xinhua)
This photo shows the logo of APEC 2024 in Lima, Peru, Nov. 13, 2024. The 31st APEC Economic Leaders’ Meeting will be held in Lima. (Xinhua/Mariana Bazo)
This photo shows the logo of APEC 2024 in Lima, Peru, Nov. 10, 2024. The 31st APEC Economic Leaders’ Meeting will be held in Lima. (Xinhua/Li Muzi)
People walk past the logo of APEC 2024 outside the Lima Convention Center in Lima, Peru, Nov. 13, 2024. The 31st APEC Economic Leaders’ Meeting will be held in Lima. (Xinhua/Mariana Bazo)
This photo shows the entrance of the APEC 2024 International Media Center in Lima, Peru, Nov. 13, 2024. The 31st APEC Economic Leaders’ Meeting will be held in Lima. (Xinhua/Li Mengxin)
This photo shows the logo of APEC 2024 at the APEC 2024 International Media Center in Lima, Peru, Nov. 13, 2024. The 31st APEC Economic Leaders’ Meeting will be held in Lima. (Xinhua/Li Mengxin)
This photo shows the logo of APEC 2024 in Lima, Peru, Nov. 13, 2024. The 31st APEC Economic Leaders’ Meeting will be held in Lima. (Xinhua/Mariana Bazo)
APEC gatherings, renowned for blending economic discussions with cultural exchanges, often feature leaders donning local attire for the iconic “family photo.” This no-tie tradition is seen as a way to cut down on the formality that high-level meetings usually involve.
In these meetings, Xi’s remarks showcase not only his eloquence but also his wit, vividly conveying his vision for Asia-Pacific cooperation. Over the years, his incisive words and catchphrases have offered fresh perspectives on advancing regional growth and fostering deeper collaboration among APEC members.
SWEET POTATOES
During the 2016 APEC gathering, also held in Lima, Xi used an analogy to describe the relationship between China and the wider Asia-Pacific region, comparing it to sweet potatoes, a food native to Latin America.
He explained that while the vines of sweet potatoes may stretch in all directions, they all grow out of their roots. “Similarly, no matter what level of development it may reach, China, with its roots in the Asia-Pacific, will always contribute to the region’s development and prosperity.”
That metaphor holds even truer today. Since joining APEC in 1991, China has become a key trading partner and export market for the majority of APEC members. According to China Customs, China’s trade with APEC economies reached a historic high, surpassing 21 trillion yuan (about 2.92 trillion U.S. dollars) in the first 10 months of 2024, marking a 5.7 percent increase from the previous year and accounting for 59.1 percent of China’s total trade.
In its efforts to promote free and open trade and investment in the Asia-Pacific and beyond, China has reduced its overall tariff level to 7.3 percent.
“China cannot develop in isolation from the Asia-Pacific while the Asia-Pacific cannot prosper without China,” the Chinese leader made these remarks when he debuted at the APEC stage in Bali, Indonesia, in 2013, highlighting the interconnected growth of the region.
Connectivity stands out as one key theme of Xi’s vision for Asia-Pacific development. He once invoked a concept from traditional Chinese medicine to illustrate APEC cooperation: when there is free flow, there is no pain; when there is pain, there is no free flow. “Connectivity makes the economic arteries of the Asia-Pacific flow more smoothly,” he explained.
During his 2013 trip to Indonesia, Xi proposed the 21st Century Maritime Silk Road, a pivotal component of the Belt and Road Initiative (BRI), and proposed plans for establishing the Asian Infrastructure Investment Bank to support the BRI.
To date, more than half of APEC’s 21 economies have engaged in Belt and Road cooperation, with signature projects like the Jakarta-Bandung High-Speed Railway in Indonesia and Chancay Port in Peru aiming to help strengthen trade networks and drive growth across the region.
“President Xi has put forward a series of proposals and initiatives to enhance Asia-Pacific regional cooperation, and the BRI is a major one to promote regional comprehensive connectivity,” said Liu Chenyang, director of the APEC study center at Tianjin-based Nankai University.
“These efforts led by President Xi have also shown the world China’s determination to take root in the Asia-Pacific and benefit the region in the long run,” Liu said.
“A LONE GOOSE CANNOT MAKE A FORMATION”
While hosting the 2014 APEC meeting by Yanqi Lake in Beijing’s northern suburbs, Xi compared the 21 APEC economies to 21 swan geese.
The lake got its beautiful Chinese name because the migrant swan geese would flock there for rest each spring and autumn. In Chinese culture, swan geese symbolize faithfulness, resilience, and determination, flying in unison toward a shared destination despite great distances.
“We are meeting here at Yanqi Lake to enhance cooperation and embark on a new flight to shape a new vision for the development of the Asia-Pacific region,” he said. “A lone goose cannot make a formation.”
As a steadfast champion for unity, Xi called on APEC economies to stay committed to mutually beneficial cooperation and fully leverage each other’s strengths to promote development for all. “We should replace the ‘winner-take-all’ mentality with an all-win approach and work together for great development and prosperity of our region,” he noted.
Founded in 1989, APEC was designed to foster economic growth and facilitate free trade and investment across the Asia-Pacific region. Throughout the years, thanks to the joint efforts of its members, the Asia-Pacific region has served as a vital engine of the world economy, driving what Xi has called “the Asia-Pacific miracle.” The latest IMF data show the region contributes approximately 60 percent to global economic growth.
The APEC economies, covering several continents and home to one-third of the world’s population, vary significantly in their development paths and economic conditions. Acknowledging the differences and divergences among those in the region, Xi emphasized, “Those who cherish the same ideals and follow the same path can be partners, and so can those who seek common ground while reserving differences.”
In 2014, under Xi’s chairmanship, APEC economies endorsed a roadmap to advance the Free Trade Area of the Asia-Pacific (FTAAP), initially proposed in 2006 in Hanoi, Vietnam. This endorsement was widely viewed as a milestone, marking the official start of efforts to transform a broad vision into concrete actions aimed at elevating Asia-Pacific regional economic integration to a new level.
Sharing Xi’s vision, Montri Mahaplerkpong, executive board member of the Federation of Thai Industries, said, “Adhering to the objective of driving APEC together, whether in big, small or medium-sized economies, we have plenty of room in this world to move the economy forward together, as long as we have the will to make it better.”
“I believe all 21 APEC member economies could do hand-in-hand collaboration by seeking common ground while shelving differences,” said Montri.
IN SAME BOAT
“I was looking at the vast ocean when I boarded the ship, and it struck me that we are all indeed fellow passengers in the same boat,” Xi said while addressing the 2018 APEC CEO Summit hosted at a distinctive setting â” onboard the giant cruise Pacific Explorer in Port Moresby, Papua New Guinea.
“As we brave the rough waters of the global economy and confront the many risks and challenges, it is all too befitting that we have come together on this ship to chart the course for future development and cooperation,” he noted.
APEC has faced unprecedented challenges in recent years, from trade frictions to geopolitical tensions. Against this backdrop, Xi has consistently championed genuine multilateralism and warned against antagonism and confrontation. “The Asia-Pacific is no one’s backyard and should not become an arena for big power contest,” he emphasized in the 2022 Bangkok meeting.
During the 30th APEC Economic Leaders’ Meeting held in San Francisco last year, Xi posed a critical question: “Where will Asia-Pacific cooperation be headed in the next 30 years?” And he has provided an answer with Chinese insights â” build an Asia-Pacific community with a shared future.
“Community” has always been the keyword of Xi’s foreign policy. At his APEC debut in 2013, Xi urged member economies to strengthen “the sense of community of common destiny.” Five years later in Port Moresby, he advocated for jointly building “a community with a shared future in the Asia-Pacific” to address common challenges.
In 2020, as the world grappled with the pandemic and its economic fallout, Xi, while attending the annual APEC gathering via video link, elaborated on his vision to build an Asia-Pacific community with a shared future featuring openness and inclusiveness, innovation-driven growth, greater connectivity, and mutually beneficial cooperation.
The 2020 meeting saw APEC members adopt the Putrajaya Vision 2040 as the guiding framework for future work, calling for the creation of an open, dynamic, resilient, and peaceful Asia-Pacific community.
As Xi prepares to join other Asia-Pacific leaders for discussions under the theme of “Empower. Include. Grow,” observers have set their expectations for the upcoming meeting in Lima.
“The role of APEC in facilitating dialogue among political and economic leaders is more crucial than ever at this time of growing protectionism and economic decoupling,” said Hans Hendrischke, professor of Chinese business and management at the University of Sydney Business School.
China has always been active in pushing emerging market economies and developing countries in the Asia-Pacific region to realize more efficient development, said Dora Isabel Gonzalez, a researcher at the Faculty of Higher Studies of the National Autonomous University of Mexico in Acatlan.
“I believe President Xi’s trip to Peru will strongly promote economic, trade and investment cooperation and sustainable development in the Asia-Pacific region and even globally,” said Gonzalez.
Chinese President Xi Jinping hosts the 22nd Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Meeting at the Yanqi Lake International Convention Center in the northern suburbs of Beijing, capital of China, Nov. 11, 2014. (Xinhua/Lan Hongguang)
The Comprehensive Country Exhibition of this year’s Expo covered 30,000 square meters, showcased 77 countries and international organizations, highlighting their unique cultures, national characteristics, and modern technologies. Over 200 interactive events drew wide attention. All pavilions are designed to reflect the countries’ diverse historical and cultural heritages, development achievements as well as specialties.
As an important platform to promote win-win cooperation between China and countries all over the world, this year’s Expo continued to maintain an ultra-large exhibition scale of 360,000 square meters, with a total of 3,496 companies from 129 countries and regions participating in the Business Pavilion. Among the exhibitors, 186 companies and organizations have been full-time participants in the CIIE since its launch in 2018. It fully reflects the confidence of global companies in the development of China’s economy and the attractiveness of China’s super-large-scale market.
This year, 11 Rwandan companies brought various products to the CIIE. The coffee, chili, tea, honey and other booths attracted many visitors. Handicrafts woven by Rwandan women made their debut and received wide recognition.
Since the first CIIE in 2018, Rwanda has participated in the Expo for seven consecutive years. Its high-quality products were well accepted and quite popular in China. In 2023, the bilateral trade volume between China and Rwanda reached 552 million US dollars, a year-on-year increase by 16.5%, and China’s import from Rwanda increased by 86.2%.
More and more Rwandan products entering the Chinese market, more Chinese consumers experienced “Rwanda on the tip of the tongue”. It helps promote Rwanda’s export, create jobs, and increase its people’s income.
The Ambassador of Rwanda to China, H.E. Mr. James Kimonyo said, the CIIE had made a huge contribution to boosting trade, investment and tourism. Rwanda’s trade volume with China in 2023 increased by 274% compared to 2018. Rwandan farmers earn 4 US dollars more for every kilogram of coffee beans sold to China.
The Ambassador of Rwanda to China, James Kimonyo.
According to the calculation of Dr. Herman Uwizeyimana, who graduated from the Chinese Academy of Sciences, if a Rwandan farmer grew 1 hectare of chili, the planting and harvesting cycle is 8 months, and the average daily income can reach 7-8 US dollars, which is 5-6 times of their previous income.
As an important part of the CIIE, Hongqiao International Economic Forum (HQF) provides a platform for international political, business and academic circles to discuss cutting-edge issues. Under the theme of 'High-Standard Opening up for Universally Beneficial and Inclusive Economic Globalization', the 7th HQF features the main forum (the opening ceremony of the CIIE and HQF), and 19 parallel sessions.
Mr. Prudence Sebahizi, the Minister of Trade and Industry of Rwanda, attended the session on “Sustainable Development of Global South and China-Africa Cooperation”.
He summarized the three major challenges of the Global South, financing difficulties, energy shortages, and food security crisis in his speech.
'However, thanks to China’s proposal to jointly build the Belt and Road Initiative and three global initiatives, many developing countries, including Rwanda, have gained tangible benefits.' He emphasized China’s important role in promoting South-South cooperation.
China has implemented a series of preferential policies such as tariff reduction and exemption for the least developed countries. It leads to the significant growth of Rwanda’s trade with China, the expansion of Rwanda’s export value, and the improvement of Rwanda’s economic status in the world.
Mr. Prudence Sebahizi, the Minister of Trade and Industry of Rwanda, attended the session on “Sustainable Development of Global South and China-Africa Cooperation”.
Mr. Li Fei, Vice Minister of Commerce of China, said that China is a natural member of the Global South and a good partner of developing countries, including African countries. It stays committed to the sustainable development of the Global South with practical actions.
Starting from December 1st this year, China will give zero-tariff treatment for 100 percent tariff lines to all the least developed countries having diplomatic relations with China, including Rwanda. This is an important announcement by President Xi Jinping at the opening ceremony of the 2024 Forum on China-Africa Cooperation (FOCAC) Summit.
Since then, the overall characterization of China-Africa relations has been elevated to an all-weather China-Africa community with a shared future for the new era, and relations with African countries have also been elevated to a strategic level. It fully demonstrates China’s determination to stand firmly with the Global South and support its development and revitalization. They will work together to realize the modernization of the world.
After the successful hosting of FOCAC, the 7th CIIE is one of the most important events for economic cooperation and exchange between China and other countries in the world. The Expo demonstrates China’s confidence and determination to promote reform and development through opening up, thus creating new opportunities for the world. New contribution to inclusive economic globalization is highly expected.
The friendship between China and Rwanda as well as the two peoples has witnessed a long history. China is willing to further deepen cooperation with Rwanda and develop together towards a shared future.
The exhibition and sales platforms such as the CIIE, the Canton Fair, and the China-Africa Economic and Trade Expo, as well as preferential policies will be better utilized to boost bilateral trade and strengthen China-Rwanda economic and trade cooperation. Mutual benefit and win-win results shall be achieved under the development of a high-level China-Africa and China-Rwanda community with a shared future.
We bring you top headlines, breaking developments, government updates, and trending topics to provide a comprehensive view of the issues that matter most.
Rwanda unveils climate finance strategy at COP29 to combat climate challenges
At COP29, Rwanda introduced its ambitious Climate and Nature Finance Strategy, a multi-sectoral approach to address climate change’s severe impacts.
Teddy Mugabo, CEO of the Rwanda Green Fund, highlighted Rwanda’s vulnerability, citing $300 million in climate-related losses in 2022 and over $415 million in damage from flash floods in a single day in May 2023.
Mugabo emphasized the urgent need for sustainable development, warning that inaction could lead to GDP losses of 5-7% annually.
The strategy aims to position Rwanda as a sustainable finance hub, leveraging the Kigali International Financial Center (KIFC) to attract green finance investments. Key components include collaboration between the Environment and Finance Ministries, the Green Fund, and private sector partners.
Innovative financing mechanisms, like blended finance through the IREME Invest facility, have already raised $260 million to support green projects. Mugabo called for global collaboration, underscoring Rwanda’s commitment to a climate-resilient, carbon-neutral future by 2050.
Ugandan gov’t ordered to compensate journalists assaulted by the military with Shs150m
The Ugandan High Court has ordered the government to pay Shs150 million in compensation to journalists Timothy Murungi and Henry Sekanjako, who were assaulted by Uganda People’s Defence Forces (UPDF) soldiers in 2021.
The journalists were covering a protest linked to opposition leader Robert Kyagulanyi’s petition to the UN Human Rights Office when they were attacked. Murungi and Sekanjako, working for New Vision, suffered physical and psychological injuries, with each awarded Shs75 million for the harm endured.
A picture of Irene Abalo, one of the journalists who were attacked by the military police at the Office of the United Nations High Commissioner for Human Rights (OHCHR) where Opposition politician Robert Kyagulanyi had gone to deliver a petition about the state of abductions and disappearances of his supporters in 2021.
The court ruled that the assault violated the journalists’ constitutional rights, including freedom of the press, dignity, and protection from torture. Supported by the Uganda Journalists Association, the case highlighted the broader issue of press suppression.
While the Attorney General defended the military’s actions, the court held the government responsible, condemning the assault as 'inhumane, cruel, and degrading.' However, the court declined to mandate a public apology from the military.
Russia writes off $20 Billion in African debt
Russia has written off $20 billion in debts owed by African countries, redirecting these funds towards development projects.
Russian Deputy Foreign Minister Mikhail Bogdanov, also the special envoy for the Middle East and Africa, highlighted that this debt relief enables the implementation of socio-economic projects within African nations.
President Vladimir Putin said Russia had written off debts of African nations amounting to more than $20 bilion.
The announcement followed the First Ministerial Conference of the Russia-Africa Partnership Forum, held on November 9-10 in the Sirius Federal Territory on Russia’s Black Sea coast. The event drew around 1,500 delegates, including more than 40 African ministers. Through debt forgiveness and a refinancing program, Russia aims to strengthen its support for African countries’ socio-economic growth.
Donald Trump has appointed leaders in key administrative posts
Donald Trump has announced key positions in his incoming administration as he prepares to return to the White House. These appointments highlight Trump’s focus on loyal allies and experienced figures, poised to steer U.S. policy in defence, diplomacy, and national security.
US President-elect President Donald Trump will take office in January after a resounding victory in the November 5, 2024, election.
On Wednesday, November 13, Trump officially made a pick for one of his most important Cabinet positions, choosing Rep. Matt Gaetz as attorney general. Here are the major names selected for key roles in the Trump administration
White House Chief of Staff â” Susie Wiles: As Trump’s former campaign manager, Wiles becomes the first woman to hold this role, centralizing control over the administration’s operations and strategy.
Secretary of State â” Sen. Marco Rubio: Rubio’s appointment places him in charge of U.S. foreign policy, influencing international alliances and diplomatic efforts worldwide.
Attorney General â” Rep. Matt Gaetz: Overseeing the Department of Justice, Gaetz will handle federal law enforcement and legal policy, making him a powerful figure in U.S. justice administration.
Secretary of Defense â” Pete Hegseth: A veteran and media personality, Hegseth will command the Pentagon, overseeing military policy and national defence.
National Security Adviser â” Rep. Mike Waltz: This role grants Waltz direct influence over security strategy and crisis management, shaping responses to both domestic and global threats.
Director of National Intelligence â” Tulsi Gabbard: Gabbard will oversee the U.S. intelligence community, coordinating efforts across agencies to protect national security.
Secretary of Homeland Security â” Gov. Kristi Noem: Noem will oversee domestic security, focusing on issues such as border control, immigration, and counter-terrorism efforts.
CIA Director â” John Ratcliffe: Returning to a familiar role, Ratcliffe will lead intelligence gathering operations crucial to national defense and international intelligence.
US Ambassador to the United Nations â” Rep. Elise Stefanik: As the U.N. ambassador, Stefanik will represent U.S. interests on the global stage, impacting international diplomacy and humanitarian policies.
US Ambassador to Israel â” Gov. Mike Huckabee: Huckabee’s role involves key decisions in U.S.-Israel relations, influencing policy in the Middle East and supporting U.S. allies in the region.
Elephant mother heartbreakingly sacrifices one baby to save the other from Lions
In Tarangire National Park in Tanzania, a distressing scene highlights the strength and resilience of motherhood, an elephant matriarch was forced into a tragic choice when her newborn twins were threatened by a pride of lions.
Isolated in open terrain, without the support of a herd, she faced an unthinkable decision: attempt to save both calves, risking all their lives, or focus on protecting one to ensure its survival.
The mother elephant charged repeatedly at the lions, using every ounce of her strength to fend off the attackers. Despite her fierce efforts, one twin was ultimately snatched by the pride, a loss captured on video that conveys the brutal realities of life in the wild.
Wildlife experts noted the resilience of the matriarch, who, though unable to save both calves, exhibited remarkable courage in the face of overwhelming odds.
Dangote Refinery Eyes Fuel Supply Deals with Eight African Nations
Dangote Refinery is in discussions with eight African countries including South Africa, Angola, Niger Republic, Chad, Burkina Faso and Central African Republic and Namibia for fuel supply deals.
This development comes after Ghana indicated interest in purchasing fuel from the refinery, with projections to save $400 million monthly on costly imports from Europe.
Dangote Refinery is in advanced talks with 8 African countries over fuel supply deals.
The discussions were described as being at an advanced stage and, if successful, the Lagos-based refinery will have expanded its reach across the African continent.
In September 2024, Dangote Group chairman Aliko Dangote stated that the refinery will meet the demand for petrol, diesel, and other products across Sub-Saharan Africa, pledging high-quality fuel that aligns with global standards.
However, pricing disputes with Nigerian petroleum marketers, who argue that the refinery’s petrol prices are high, have created challenges. As the refinery reaches full capacity and negotiates competitive pricing, local marketers may find incentives to shift toward domestic procurement.
Suicide bombing shakes Brazil’s Three Powers Plaza, leaving attacker dead
A suicide bombing struck Brazil’s Three Powers Plaza in Brasília, causing evacuations and halting government proceedings. The attack, which took place on Wednesday, November 13, 2024, evening, resulted in the death of the attacker, Francisco Wanderley Luiz, 59, who was identified as the sole casualty.
Two explosions occurred around 7:30 pm local time; one outside the Supreme Federal Court near the prominent 'Lady Justice’ statue and another from a parked car close to the Chamber of Deputies, the lower house of parliament.
Police vehicles are seen in front of the Brazilian Supreme Court after explosions in the Three Powers Square in Brasilia ahead of the G20.
The suspect, originally from Santa Catarina, had previously issued threats against politicians and Supreme Court justices on social media. In 2020, Luiz had run unsuccessfully for city council in Rio do Sul, receiving only 98 votes.
Authorities responded quickly, with Brasília’s Federal District Governor Ibaneis Rocha labeling it a suicide attack. The blast has led to heightened security, with ongoing investigations into Luiz’s motives and any potential connections.
The comprehensive report, a collaborative effort between the Government of Rwanda and the World Bank, highlights the country’s significant economic achievements and presents recommendations to sustain growth in alignment with the second National Strategy for Transformation (NST-2).
Rwanda has shown impressive economic resilience, with GDP growth averaging 7.4% annually between 2000 and 2023. This growth has been accompanied by improvements in social indicators, including life expectancy nearing 70 years, enhanced healthcare access, and expanded educational attainment.
The CEM highlights opportunities for Rwanda to build on these achievements by expanding private sector engagement, strengthening human capital, and enhancing agricultural resilienceâ”critical drivers to sustain and accelerate Rwanda’s path toward high, sustainable growth.
The report serves as a roadmap to address current economic challenges and seize emerging opportunities across key sectors, including private investment, education, agriculture, and climate resilience. It provides policymakers, stakeholders, and development partners with actionable insights to support the country’s ambitious growth and inclusivity goals.
The Minister of Finance and Economic Planning, Yusuf Murangwa, affirmed that Rwanda’s impressive progress over the past years has laid a solid foundation for economic growth and social well-being.
'To achieve the ambitious targets set in NST-2, we must now prioritize enhancing productivity, fostering private sector engagement, and investing in our people. The CEM provides a strategic framework to address these priorities, guiding us toward a more inclusive and resilient economy,' the minister stated.
Key findings from the CEM underscore Rwanda’s effective growth strategy, driven by public investment, alongside a promising opportunity to further boost growth through increased private sector involvement. With the private sector currently contributing a non-negligible share to GDP, the report highlights substantial potential for expansion, particularly in the services and manufacturing sectors.
The CEM recommends a series of reforms aimed at enhancing competition, increasing access to finance, bolstering domestic savings, and fostering innovation and ICT development. Additionally, it underscores the importance of regional integration to expand market access and promote sustainable trade partnerships.
Speaking at the launch, World Bank Country Manager Sahr Kpundeh emphasized the strength of the partnership between the Government of Rwanda and the World Bank, noting that the collaboration underscores a shared commitment to Rwanda’s vision for sustainable growth.
'The CEM’s recommendations provide clear pathways to greater economic resilience and shared prosperity. With strategic policy adjustments, we are confident Rwanda can foster a diversified economy that brings widespread benefits to all Rwandans,' Kpundeh said.
The report further highlights Rwanda’s human capital as a cornerstone for achieving long-term growth. It recommends sustained investment in education, skills development, and healthcare. By nurturing a skilled and healthy workforce, Rwanda can unlock new growth potential across generations.
The CEM also emphasizes opportunities in nature-based solutions to address climate risks. By prioritizing conservation and nature-based initiatives, Rwanda can tackle climate challenges while advancing its development goals.
Prime Minister Ngirente expressed the government’s commitment to leveraging lessons learned from the study to address the challenges identified.
'Rwandans are eager for development, and our government is committed to pushing forward toward the aspirations of Vision 2050. Despite facing external shocks and challenges, even in difficult times, we are determined to keep moving forward,' the Prime Minister stated.
The report will serve as a guiding document for policymakers and stakeholders collaborating to build a brighter, more resilient, and inclusive future for Rwanda.
The Government of Rwanda and the World Bank on Wednesday, November 13, 2024, launched the Rwanda Country Economic Memorandum (CEM), titled 'Pathways to Sustainable and Inclusive Growth in Rwanda.'
Prime Minister Édouard Ngirente expressed the government’s commitment to leveraging lessons learned from the study to address the challenges identified.
World Bank Country Manager Sahr Kpundeh emphasized the strength of the partnership between the Government of Rwanda and the World Bank, noting that the collaboration underscores a shared commitment to Rwanda’s vision for sustainable growth.
The Minister of Finance and Economic Planning, Yusuf Murangwa, affirmed that Rwanda’s impressive progress over the past years has laid a solid foundation for economic growth and social well-being.
This is according to a report by the World Bank and the Government of Rwanda, which highlights the state of the country’s economy and outlines the steps needed to achieve inclusive and sustainable development in alignment with the second National Strategy for Transformation (NST-2).
Gorilla trekking activities are expected to generate the most revenue for the tourism sector, at $200 million in 2024, followed by other leisure activities ($110 million), conferences ($90 million), visiting friends and relatives (VFR tourism/travel) ($86 million), business travel ($68 million), and revenue from other visitors ($46 million).
Nature-based tourism (NBT) is estimated to account for 80 percent of visitors entering Rwanda for leisure or conferences, playing a significant role in job creation, particularly by increasing formal jobs in rural communities near game parks.
The new report, titled Pathways to Sustainable and Inclusive Growth, was launched on Wednesday, November 13, 2024, in Kigali at a ceremony presided over by Prime Minister Édouard Ngirente.
According to the report, the rapid recovery and expansion of the tourism sector following the COVID-19 pandemic, which slowed the country’s biggest foreign exchange earner, is a key objective for the government.
The World Bank said that achieving this will require additional financial resources from the non-state sector to support fast-growing productivity gains.
The report further highlights Rwanda’s human capital as a cornerstone for achieving long-term growth. It recommends sustained investment in education, skills development, and healthcare. The authors of the report note that by nurturing a skilled and healthy workforce, Rwanda can unlock new growth potential across generations.
The report also emphasizes opportunities in nature-based solutions to address climate risks and advance the country’s development goals.
Prime Minister Ngirente expressed the government’s commitment to leveraging lessons learned from the study to address the challenges identified.
'Rwandans are eager for development, and our government is committed to pushing forward toward the aspirations of Vision 2050. Despite facing external shocks and challenges, even in difficult times, we are determined to keep moving forward,' the Prime Minister stated.
The Minister of Finance and Economic Planning, Yusuf Murangwa, affirmed that Rwanda’s impressive progress over the past years has laid a solid foundation for economic growth and social well-being.
'To achieve the ambitious targets set in NST-2, we must now prioritize enhancing productivity, fostering private sector engagement, and investing in our people. The CEM provides a strategic framework to address these priorities, guiding us toward a more inclusive and resilient economy,' he stated.
World Bank Country Manager, Sahr Kpundeh, emphasized the strength of the partnership between the Government of Rwanda and the World Bank, noting that the collaboration underscores a shared commitment to Rwanda’s vision for sustainable growth.
“The Rwanda Country Economic Memorandum (CEM) recommendations provide clear pathways to greater economic resilience and shared prosperity. With strategic policy adjustments, we are confident that Rwanda can foster a diversified economy that benefits all Rwandans,” Kpundeh stated.
Gorilla trekking activities are expected to generate the most revenue for the tourism sector, at $200 million in 2024.
As part of the company’s 'brew a better world’ agenda, Bralirwa donated 5,000 fruit trees and agroforestry seedlings to the residents of Gisenyi Sector in Rubavu District and joined the community for tree planting in a bid to sensitize them on the importance of environmental conservation.
The communal activity, which was graced by the Mayor of Rubavu district, Mr. Mulindwa Prosper, among other distinguished district authorities, was attended by over 200 participants who were thrilled to have some of the fruit trees within their homesteads to improve livelihoods, prevent soil erosion and support biodiversity.
In his remarks, the Managing Director of Bralirwa, Mr. Etienne Saada, reiterated the company’s efforts towards replenishing watersheds and nature in close collaboration with key stakeholders. 'As a company, we are committed to sustainability and environmental stewardship. Today’s initiative is one of many steps we are taking to create healthier ecosystems and a better planet for generations to come,' said Mr. Etienne.
Bralirwa plants 20,000 trees every year. While 5,000 trees were planted in Rubavu District last week, the remaining will be evenly distributed to districts of Nyarugenge, Kicukiro and Rwamagana during this year’s planting season.
The Mayor of Rubavu District, Mr. Mulindwa Prosper, thanked Bralirwa for their consistent contribution to the environmental conservation efforts within the district and called upon the residents of Gisenyi sector to preserve the trees for their benefits to the community.
'Our district takes great pride in our ongoing collaboration with Bralirwa and our shared efforts towards the social, environmental and economic development of the District,' said Mr. Mulindwa.
In September, Bralirwa donated garbage collection bins to cooperatives working along the shores of Lake Kivu in Nyamyumba sector, Rubavu district in commemoration of the world cleanup Day, under the theme 'make room for life’. Last year, the company donated 20 million Rwandan Francs for construction materials to the victims of flooding in Rubavu in partnership with Rwanda Red Cross Society.
Over 200 people including the leadership and employees of Bralirwa, and residents of Rubavu District participated in the campaign
Rubavu District Mayor Prosper Mulindwa participating in the tree planting exercise.
These trees, donated by Bralirwa, were planted on Hill Nengo near the Sebeya River.
The Deputy Inspector General of Police (DIGP) in Charge of Operations, CP Vincent Sano, presided over the pass-out of the 14th intake.
The PTCC was designed to expand the tactical command that shapes leadership, strengthens decision-making abilities and reinforces the importance of teamwork and communication.
DIGP Sano said that the skills acquired are essential for training environments and in real-world scenarios where the stakes are high but with a thin margin for errors.
“The complexities of modern law enforcement demand a continual enhancement of skills, knowledge and strategies. You have all demonstrated a profound understanding of these demands,” DIGP Sano said. He reminded them that leadership in a tactical setting is more than just making decisions. “It’s about understanding the terrain, knowing your team, adapting to changing conditions, and having the foresight to anticipate what lies ahead; it’s all about accountability, both to those you lead and to the mission at hand.” He urged the trainees to always remember the Rwanda National Police (RNP) core values of ‘Service, Protection and Integrity’ as principles that will guide them through most challenging situations, and to remain a pillar of trust.
The five-month course covered key aspects related to communication, special operations, routine and operational staff work, policing strategies, laws, crime investigation, and leadership, command and management, among others.
The Commandant of PTS, Commissioners of Police (CP) Robert Niyonshuti, said that course participants engaged in Command Post and Field Training Exercises, including tutorial and final exercises.
They also visited the Kigali Genocide Memorial and the Museum for the Campaign against Genocide.
“These visits were a powerful reminder of the role police officers play in protecting human rights, promoting justice, and fostering social harmony,” CP Niyonshuti said.
Graduates with RNP leadersip in the a group photo.
