PM opened a Conference on Monetary Policy Frameworks

19.07.2012 14:35

This 19th July, 2013 the Rt. Hon. Prime Minister Dr. Pierre Damien HABUMUREMYI officially opened a conference on Monetary Policy Frameworks in Serena Hotel, Kigali.

The premier reminded that central banks on the African Continent have to address various challenges so as to contribute to economic and financial transformation of our economies.

He highlighted that development processes of the developing countries cannot be sustainable without efficient and deep financial sectors to finance their growth and encourage economic activity.

“The monetary policy depends on the three “D’s”: depth, dynamism and discipline of the financial sector.  Efficient monetary policy therefore should aim at addressing specific challenges in developing the financial sector” said Dr. Habumuremyi

Prime Minister congratulated Rwanda Central Bank for its active advisory role to the Government in formulating and implementing economic development policies.

He mentioned that the Central Bank is credited for the substantial developments in the financial sector and this made Rwanda the 8th easiest place to get credit in the world according to the World Bank Doing Business rankings.

The theme of the conference is “Monetary Policy Frameworks: Practice and Challenges”

The two day conference was attended by 28 countries’ representatives and Mrs Antoinette Sayeh, Director, Africa Department of the IMF (International Monetary Fund) and various local and international financial experts.

Participants to the conference


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