The report states that transparency and effective communication with investors are essential for countries seeking affordable financing, increased foreign investment, and stronger economic partnerships.
Rwanda was included in the IIF’s 2026 assessment, which evaluated 57 emerging and developing economies.
The country scored 43.4 out of 50 for investor relations, placing it among the best-performing nations in terms of communicating reliable information about its economy and government borrowing.
According to the report, Rwanda’s participation—alongside countries such as Ukraine and Vietnam—demonstrates how adopting international transparency standards can help countries improve governance, meet lender expectations, and maintain access to global financial markets.
The IIF noted that effective communication enables investors to better understand both the opportunities and risks associated with investing in a country.
Rwanda also performed exceptionally well in Environmental, Social, and Governance (ESG) transparency, scoring 3.9 out of 4. In this category, Rwanda ranks alongside countries including Turkey, Indonesia, Egypt, and Uzbekistan.
The assessment evaluates how governments disclose information related to sustainable development strategies, climate change commitments, and other long-term policy areas that are important to investors.
The report comes at a time when many developing countries are facing challenges in securing international financing for infrastructure, renewable energy, technology, and healthcare projects.
Recently, Rwanda’s Minister of Finance and Economic Planning, Yusuf Murangwa, told journalists that nearly 90% of Rwanda’s public debt consists of concessional loans with long repayment periods and very low interest rates.
He explained that most of Rwanda’s loans carry interest rates of 0%, 0.2%, or 1%, emphasizing that these are the types of loans the government prioritizes.
Murangwa said that borrowing at such low costs and investing the funds wisely is a key driver of development. He added that many countries would like to access financing on similar terms but struggle because of weaker economic management. He stressed that Rwanda has earned investors’ confidence through prudent economic management and is therefore able to access affordable financing without concerns about its ability to repay.
The IIF concluded that countries with strong investor relations and transparent communication are more likely to build confidence in international financial markets.
Rwanda’s 2026/27 national budget totals RWF 7.796 trillion, with 7% financed through foreign grants, 3.4% through domestic borrowing, and 25.3% through external loans.
Meanwhile, Rwanda’s economy grew by 10% in the first quarter of 2026, and 240,000 jobs have been created since the first quarter of 2025.
