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External Development Finance Report

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External Development Finance Report GOVERNMENT OF RWANDA MINISTRY OF FINANCE AND ECONOMIC PLANNING EXTERNAL DEVELOPMENT FINANCE REPORT 2017/2018 Fiscal Year April 2019 Strategic orientation FOREWORD We are pleased to present to you the Rwanda External Development Finance Report (EDFR) for Fiscal Year 2017/18. This report analyzes key characteristics and trends of external development finance to Rwanda, including finance to the public sector, civil society, and the private sector. It also assesses the performance of bilateral and multilateral development partners (DP) in delivering Official Development Assistance (ODA) to the public sector according to the indicators in the Donor Performance Assessment Framework (DPAF). To reflect the changing external development finance landscape in Rwanda, and the continued prioritization of the Government of Rwanda (GoR) in diversifying its sources of external development finance, the scope and content of this report continue to expand. In this year’s report, you will find deeper analysis on the resources provided to civil society by international non-governmental organizations (INGO), and a significantly expanded analysis of the external development finance that is supporting the growth of the private sector. And for the first time, the External Development Finance Report now includes both the assessment on external development finance and on donor performance. In producing and sharing this report, we intend to improve awareness and understanding of the scope and direction of external development finance in Rwanda, with the objective of using this information to inform ongoing dialogue within the Government and between Government and development finance providers on how development finance can be most effectively allocated and delivered in order to contribute to the achievement of national development objectives. It should also encourage, through the DPAF, more effective development cooperation between the GoR and the international community. DONOR PERFORMANCE ASSESSMENT FRAMEWORK (DPAF) 7 FY 2015/2016 EDFR 2017/18 │ 2 External Development Finance Report 2017/18 2 TABLE OF CONTENTS FForewordoreword __ ............................................................................................................................................________________________________________________________ 2 2 AAcronymscronyms _ _..........................................................................................................................................._______________________________________________________ 4 4 IIntroductionntroduction __ _......................................................................................................................................_____________________________________________________ 6 6 ObjectivesObjectives ________________________________ ...............................................................................................................................................__________________________________ 6 6 BackgroundBackground ________________________________ ............................................................................................................................................_________________________________ 6 6 MethodologyMethodology ________________________________ ..........................................................................................................................................________________________________ 7 7 External Development Finance Assessment _______________________________ 8 External Development Finance Assessment ............................................................................. 8 Key Findings ________________________________________________________________ 8 ExternalKey Findings Development ........................................................................................................................................... Finance to the Public Sector ________________________________ 8 8 External Development Finance to Civil Society ___________________________________ 8 External Development Finance to the Public Sector ....................................................... 8 External Development Finance to the Private Sector _______________________________ 9 External Development Finance to Civil Society ................................................................. 8 Other Financial Flows ______________________________________________________ 10 External Development Finance to the Private Sector....................................................... 9 ExternalOther Development Financial Finance Flows ..................................................................................................................Landscape _______________________________________ 11 10 External Development Finance to the Public Sector _________________________________ 12 BilateralExternal DPs, Development Multilateral DPs,Finance UN Agencies,Landscape & Emerging ............................................................................... Partners Providing Development 11 FinanceExternal to Development the Public Sector Finance ________________________________ to the Public Sector ............................................................_________________ 12 12 Other International Organizations Providing Development Finance to the Public Sector ___ 19 Bilateral DPs, Multilateral DPs, UN Agencies, & Emerging Partners ExternalProviding Development Development Finance to FinanceCivil Society to the ________________________________ Public Sector ...................................................____ 20 12 InternationalOther International Organizations Organizations Providing Development Providing Finance Development to Civil Society ___________ 20 Finance to the Public Sector ................................................................................................... 19 External Development Finance to the Private Sector ________________________________ 24 OverviewExternal ofDevelopment Foreign Private Finance Investment to Civil ________________________________ Society ....................................................................________ 24 20 DFIs & Other IFIs Providing Finance to the Private Sector __________________________ 28 BilateralInternational DPs Providing Organizations Finance to theProviding Private SectorDevelopment _____________________________ Finance to Civil Society..... 32 20 OtherExternal Financial Development Flows ________________________________ Finance to the Private Sector...........................................................________________________ 33 24 Remittances _____________________________________________________________ 33 Overview of Foreign Private Investment ............................................................................ 24 Donor PeDFIsrform &a nOtherce Ass IFIsessm Providingent _____ _Finance_______ to__ _the___ Private______ _Sector..........................................._____________ 34 28 Key FindingsBilateral on DPs Donor Providing Performance Finance ________________________________ to the Private Sector ..................................................____________ 34 32 Indicators Monitoring Other Development Finance Flows ____________________________ 35 Other Financial Flows ...................................................................................................................... 33 Donor Performance on Average ________________________________________________ 36 NumberRemittances................................................................................................................................... of DPs that Achieved Targets ___________________________________________ 3733 Comparison: Indicator Target and Donor Performance on Average in 2014/15, 2015/16, Donor2016/17, Performance and 2017/18 Assessment ________________________________ ...............................................................................................________________________ 38 34 Individual Donor Performance _________________________________________________ 39 Key Findings on Donor Performance ......................................................................................... 34 Conclusion and Recommendations _____________________________________ 53 AnneIndicatorsx 1: DPAF C Monitoringalculations E Otherxplana Developmenttion _________ Finance_______ _Flows_____ ................................................__________ 55 35 Donor Performance on Average .................................................................................................. 36 Number of DPs that Achieved Targets ...................................................................................... 37 Comparison: Indicator Target and Donor Performance on Average in 2014/15, 2015/16, 2016/17, and 2017/18 ............................................................... 38 Individual Donor Performance ...................................................................................................... 39 Conclusion and Recommendations ...........................................................................................EDFR 2017/18 │ 3 53 Annex 1: DPAF Calculations Explanation ................................................................................. 55 3 External Development Finance Report 2017/18 ACRONYMS AfDB African Development Bank AFREXIM African Export-Import Bank BADEA Arab Bank for Economic Development in Africa BDEGL Development Bank of the Great Lakes States BIO-Invest Belgian Investment Company for Developing Countries
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