Rwanda : Regional finance experts plan ahead to boost finance sector

East Africa International Technical Assistance Centre (EAST AFRITAC) board members meet in Kigali to review and share experiences on finance management to boost finance sector in the region.

The steering committee comprises of representatives from all East African countries except Burundi. Malawi, Ethiopia and Eritrea were also represented totalling seven countries that attended the 14^th East AFRITAC for capacity building finance sector.

Both participants came from different institutions that deals with finance directly and management of national budget. The aim of the meeting is to streamline the engaging challenges faced in the new emerging electronic banking.

“This program is design by IMF to support developing countries with capacity building to manage finance sectors, statistics and money. Most of the representatives are from finance institutions that will review the last year ended plan, evaluate the budget and we plan ahead, we will also learn from the experience” ,Minister of East African Cooperation, Monique Nsanzabaganwa, revealed.

East AFRITAC supported Rwanda with technical part by training statisticians, Rwanda Revenue Authority members and designing regulations according to our culture, the minster added.

In this program Rwanda is currently focusing on mobile banking, methods of taxation respecting countries norms and pensions. The finance experts will plan ahead to the engaging challenges that are likely to come with the new technology in finance sector.

“The activities and operations of East AFRITAC in the member states are visible and relevant.  There is no doubt that the institution has been instrumental to institutional capacity development in our countries for over the last ten years” Amb. Claver Gatete, Rwanda’s central bank governor said.

The East AFRITAC was initiated by the International Monitory Fund (IMF) to assist Sub Saharan region in capacity building and its regional centre is in Dar-Salama Tanzania