Rwanda targets 20% savings to GDP ratio by 2020

PUBLISHED: Fri, 27 Oct 2017 14:51:22 GMT

At this year’s Savings Week, the government of Rwanda has reiterated its commitment to raise the savings rate from the current 10.2 per cent to 20 per cent of the Gross Domestic Product by 2020. With this ambitious target, where do commercial banks come into the equation? Peace Uwase Masozera, Director, General Financial Stability Directorate, National Bank of Rwanda.