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Rwanda Public Private Dialogue launched to promote business growth

> 10 January 2014

Rwanda Public Private Dialogue launched to promote business growth

The Rwanda Development Board in collaboration with the Private Sector Federation has today launched the Public Private Dialogue (PPD) mechanism which aims to offer the public and private sector a platform to create solutions together on issues impeding business.

The RDB Chief Executive Officer, Clare Akamanzi, said that “The public Private Dialogue is solution oriented. The key innovation today is that with PPD, the private sector is actively involved at every step of the reform process.†She added that the alliance between the public-private will boost Rwanda’s economic transformation.

Public-Private dialogue is a participative and inclusive approach from the beginning of the reform process. With the PPD platform, there is an inclusive approach from the beginning of the reform process. The collaboration public and private sector in Rwanda is an ongoing process. The PPD mechanism provides a new enabling framework for all existing entities. It is a structured partnership approach which ensures that there is effective research and representation between the parties.

Rwanda benchmarks well in the world. The performance of Rwanda is measured in various global indices, whether on the investment climate, competitiveness, institutions, doing business, labor market efficiency, innovation, Rwanda is in the top brass. The PPD mechanism will help to reinforce these global positions. It will also address key issues that are still of concern to business development and improve Rwanda’s ranking in the world. The PPD mechanism in Rwanda is a new way to harmonize consensus building between government and the business community by building an atmosphere of mutual trust and understanding towards larger business growth.

To become a middle income country by 2020, Rwanda needs the PPD mechanism to address key challenges facing the private sector.  Examples of the success of the PPD mechanisms abound in many countries. In Singapore where there is a well-structured public-private alliance, proactive public policy action is taken together with the private sector for explicit economic transformation.  CEOs of major multinationals and local government representatives come together with the government to analyse trends in globalization and design national strategies.  In Malawi, the National Action Group has been instrumental in tax reforms and measures to improve electricity supply. In Mauritius, all major economic decisions are taken jointly by the government and the private sector through the Joint Economic Council. Their collaboration is so broad that the Mauritian private sector even participates and sometimes leads in the negotiating teams for Trade and Economic Cooperation Agreements for Mauritius.