The launch event held at the Kigali Convention Center convened high-level representatives from government, financial institutions, the private sector, development partners, and civil society to discuss and re-affirm commitment to the successful implementation of the strategy and to deepening collaboration across the financial ecosystem.
Speaking during the event, Godfrey Kabera, Minister for National Treasury, emphasized that the FSDS will serve as the 'financial engine' to drive the nation's long-term ambitions under Vision 2050 and the National Strategy for Transformation (NST2).
He noted that the strategy is designed to strengthen digital financial ecosystems, promote savings, and facilitate access to resources needed to expand trade and investment.
'Through this strategy, we aim to expand private sector engagement, create quality jobs, and ensure a more inclusive economic growth for all Rwandans,' he said.
The FSDS 2025â€"2029 aligns closely with Rwanda's broader goal of positioning itself as a regional financial hub through the Kigali International Financial Centre (KIFC).
It seeks to transform the financial sector into a powerful vehicle for mobilizing and channeling capital toward key national priorities.
The strategy highlights the importance of improving access to finance, particularly for underserved groups such as women, youth, small and medium enterprises, and the agricultural sector.
By 2029, the strategy targets a doubling of the national savings rate from 12.4% to 25.9% of GDP, alongside deeper financial inclusion and literacy across all segments of the population.
It also aims for more than 70% of private sector financing under NST2 to be mobilized through the domestic financial system, signaling a shift toward greater reliance on local financial institutions to drive growth.
By harnessing digital technologies, reinforcing regulatory frameworks, and fostering public-private partnerships, the FSDS 2025-2029 marks a decisive step in mobilizing the financial resources required to meet Rwanda's ambitious development targets, ensuring a stable and prosperous future for all its citizens.
IGIHE
