The Ministry of Finance and Economic Planning (MINECOFIN) was formed in March 1997 from the joining of the Ministry of Finance and the Ministry of Planning. This was done in order to improve the co-ordination between the functions of finance and planning. In the ministerial re-structuring of February 1999, the Ministry took on the function of development cooperation from the Ministry of Foreign Affairs.
To raise sustainable growth, economic opportunities, and living standards of all Rwandans.
To develop Rwanda into a country free of poverty.
- Maintain a stable macroeconomic environment with low inflation, moderate budget deficits, and sustainable public debt
- Foster greater evidence-based planning and performance-based budgeting
- Mobilize internal and external resources (i.e., tax. On-tax, social security contributions, grants, loans, etc.)
- Achieve the highest international standards in Public Finance Management (PFM) in order to ensure an accountable use of resources
- Improve the delivery of public services and accountability through effective financial and fiscal decentralization
- Contribute to increase the productivity of the economy, employment opportunities, the investment climate, and the quality of public investments
- Contribute to increase living standards of the population and human development within a sustainable environment
- Promote a dynamic, efficient and stable financial market accessible to all segments of the population
- Contribute to promote a fair and flexible labor market that rewards entrepreneurship and risk-taking behaviors for economic development
- Ensure an efficient and equitable tax and benefit system with incentives to work, save and invest in the development of the country
- Contribute to foster deep regional integration through openness to change as well as mobility of goods.
- Build MINECOFIN into a strong, efficient and responsive institution
The RDRC set up a Technical Coordinating Committee (TCC) with an objective of bringing together key national and international partners, and acts as a conduit to the larger group of stakeholders, technical advice to RDRC on planned activities and monitoring of program implementation.