Economic lessons from Rwanda

Nepal can learn from Rwanda in managing a high debt-to-GDP ratio while maintaining a rapidly growing economy.

A small landlocked country in East Africa, Rwanda has been on a remarkable transformational journey. Despite its chequered history, marked by the devastating genocide against Tutsi minorities in 1994, Rwanda has made significant strides in managing its debt burden, achieving impressive economic growth. The landlocked African republic also has some important lessons for Nepal, which endured a Maoist insurgency and decades-long political instability, on debt management and economic development.