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Rwanda: New Foreign affairs minister confirms the country’s ambition to join OECD to attract more foreign investments

Wednesday, 21 November 2018 17:50
Rwanda: New Foreign affairs minister confirms the country’s ambition to join OECD to attract more foreign investments

(Ecofin Agency) - Rwanda could soon join the Organisation for Economic Co-operation and Development (OECD), Richard Sezibera (photo), Rwandan new minister of foreign affairs indicated on Tuesday 20, November 2018.

According to the official’s statement relayed by Xinhua, Rwanda will officialize this ambition by submitting an official membership application by an undisclosed deadline. By joining the organization, the East-African country expects to attract more foreign investments.  

Very optimistic as far as the approval is concerned, Richard Sezibera indicated that his country would be admitted relatively easily due notably to reforms initiated by the government and which allowed Rwanda to progress in World Bank’s rankings.

This official announcement is made months after The Jerusalem Post published the country’s ambition to commit two ex high-officials of the Hebrew nation to conduct actions and lobby on behalf of Rwanda for its adherence to the OECD.

OECD was created in 1961 to promote policies that improve socio-economic well-being around the world. With 36 member countries, there are no African member countries for the time being.  

Moutiou Adjibi Nourou

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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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