Donald Kaberuka

Donald KaberukaDonald Kaberuka was educated in Tanzania and the United Kingdom where he obtained his M Phil (Econ) and a PhD in Economics from the University of Glasgow in Scotland. He speaks English, French and Swahili fluently. Prior to joining the Bank, Mr. Kaberuka served as Rwanda’s finance and economic planning minister from 1997 to 2005, and has been widely acknowledged as the country’s principal architect of its successful post-war reconstruction and economic reform programme. He initiated and implemented major economic and governance reforms in the fiscal, monetary, budgetary and structural domains, including the independence of the country’s central banks. These reforms resulted in the widely acclaimed recovery of Rwanda’s economy and sustained economic growth which enabled the country to benefit from debt cancellations under the Highly Indebted Poor Countries (HIPC) Initiative in April 2005. Mr. Kaberuka had over 12 years experience in the banking industry, in trade and finance, in the international commodity business and in the development sector, before joining the government. As the country’s finance and economic planning minister, the AfDB President served as Rwanda’s governor at the World Bank, the International Monetary Fund (IMF) and the African Development Bank.

Papers Published in World Economics:

Boosting Infrastructure Investments in Africa

The absolute and relative lack of infrastructure in Africa suggests that the continent’s competitiveness could be boosted by scaling up investments in infrastructure. Such investments would facilitate domestic and international trade, enhance Africa’s integration into the global economy and promote better human development outcomes, especially, by bringing unconnected rural communities into the mainstream economy. While there are yawning gaps in all infrastructure subsectors, inadequate energy supply is directly correlated to low education levels, poor health outcomes, as well as limited economic opportunities and technology choices. Efforts by government to invest in infrastructure have proved inadequate to close the infrastructure gap. These investment opportunities have not been seized by the private sector due to the unfavourable business environment, poor incentives and regulatory frameworks. Therefore, Africa’s infrastructure challenge is not only in closing the huge financing gap, but also in building the necessary skills and capacity to attract investments. Although scaling up infrastructure investments offers the private sector enormous opportunities, unlocking these investments should be preceded by appropriate policy and structural reforms. The good news is that there is hope, and current developments are signalling an increased awareness by African governments. Development partners should therefore take advantage of the increasing political will for reform through knowledge and capacity building activities, especially, in fragile and post-conflict countries where the need is greatest.

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