Kelvin Chan 12Joy. Location: Eastern Africa Population 12,337,138 (July 2014 est.) ◦ Most densely populated country in Africa Independence from.

World Bank Development Project

Proposal: RwandaKelvin Chan

12Joy

General Information

Location: Eastern Africa

Rwanda

Population 12,337,138 (July 2014 est.)◦ Most densely populated country in Africa

Independence from Belgium since 1, July 1962

Economy: ◦ Mainly subsistence is agriculture.

Rwanda

Social and Economic Data

Human Development Index: 0.56, Rank 151 out of 187Low human development

Life Expectancy: 63.56 years Population Growth Rate: 2.63%(2014 est.) School Life Expectancy: 10 years Total Fertility Rate: 4.62 children born/woman (2014 est.) Education Expenditure: 5.1 % of GDP (2013) Dependency Ratio: 80.2%

◦ Youth Dependency Ratio: 75.8%

◦ Elderly Dependency Ratio: 4.4%

Social Indicators of Development

GDP: $7.452 Billion (U.S) GDP per capita: $1430 USD Labor force: 4.446 Million Labor Force- by occupation: 90%

Agriculture, 10% industry and services Public Debt: 23.5% of GDP with a global

rank of 129. Gini index: 46.8 / 0.468%

Economic Indicators of Development

Lorenz Curve

HDI: 0.56, Rank 151 out of 187Low human development

School Life Expectancy: 10 years Dependency Ratio: 80.2%

◦ Youth Dependency Ratio: 75.8%

◦ Elderly Dependency Ratio: 4.4% GDP per capita: $1430 USD

Conclude the above points

Obstacle to Economic Development

Landlocked Country Periodic Droughts Deforestation uncontrolled cutting of trees

for fuel.

Geographical & Environment

Environment: Deforestation results from uncontrolled cutting of trees for fuel; overgrazing; soil exhaustion; soil erosion; widespread poaching

Natural hazards: Periodic droughts, seasonally floods

Natural Resources

Corruption: Relatively well compared to most African countries. Corruption remains prevalent nonetheless e.g: tax collection, public funds and judicial corruption.

Political instability Genocide 1994 ◦ Exorcised by a Hutu controlled government

against a Tutsi minority◦ 2003, Rwanda republic government imposed a

new constitution helping to reunite and reconciliate Rwandans.

Political Instability & Corruption

Poverty Trap/Cycle

Definition An economy that has a poverty cycle has some

characteristics such as a big population, low income levels thus which leads to low savings and investment .

Low investment leads to low levels of productivity. With low productivity incomes cannot increase and thus stay low.

A poverty cycle is difficult to deal and get out of.

Poverty Trap/Cycle

Rwanda’s per capital income is so low that it falls below the top 10 poverty-struck nations in the world. 

The 1994 war obliterated the country’s economy, social fabric, human resource base, and institutions.

Education and Health care are the important aspects and in a poverty struck country many of those receive none of these.

Poverty Trap/Cycle (Rwanda)

A big chunk of the adult population of Rwanda is illiterate, particularly women.

Three main languages have been taught in Rwanda: Kinyarwanda, French and English. 74% was the enrollment rate in primary education in 2004.

Education Trap

Education Trap

Resources and Potentials

Rapidly increasing since the genocide that took place in 1994.

666000 visited the country $200 million increase in revenue

increased 14% over 2009

Tourism

Important job creation potential Employment intensive sector Tourism sector growth = create jobs

Accounts for ◦ 6% of world trade ◦ 9% of Global GDP◦ 8% Exports from LDCs (Rwanda)

Potential of Tourism

Formal Proposal

Requesting loans for education in rural areas in Rwanda

Improve education level & teachers literacy rate

Expand school system; amount of school in rural areas

Education based on teaching Increase average school years Develop more skills in different industries

Formal Proposal

Education For All - Fast Track Initiative Catalytic Fund Bridge Grant

Increase access of education after the 1994 conflict.

Poverty Reduction Support Credit 1 (Health, Water, Energy, Education)

Money support to reduce poverty, increase more school and the average school years.

Examples of similar projects

Cost estimation: $8 million USD◦ Primary education – 3 million ◦ Teacher’s training (secondary teacher) – 2 million ◦ Building School – 3 million

Observation 5 years primary sufficient? proceed secondary ?

◦ From 2015 on around US$150000 per month for 5 years.

Financial plan & Analysis

"Rwanda - Life Expectancy at Birth." Life Expectancy Improves in Rwanda. Country Economics, n.d. Web. 1 Dec. 2014.

"Rwanda." Data. World Bank Org, n.d. Web. 01 Dec. 2014 "Projects & Operations." Projects : Education For All. World Bank Org, n.d. Web. 01 Dec. 2014. "Projects & Operations." Projects : Poverty Reduction Support Credit 1 (Health, Water, Energy,

Education) | The World Bank. World Bank Org, n.d. Web. 01 Dec. 2014. "Rwanda Demographics Profile 2014." Rwanda Demographics Profile 2014. Indexmundi, n.d. Web.

01 Dec. 2014. "GDP (PPP) & GDP Growth & Inflation in Rwanda." Lebanese Economy Forum. Mudit92.wordpress,

n.d. Web. 01 Dec. 2014. "Geographic and Governmental Profile of Rwanda." Geographic and Governmental Profile of

Rwanda. Lebanese-economy-forum, n.d. Web. 01 Dec. 2014. "Resources For." The Success of Tourism in Rwanda - Gorillas and More. World Bank Org, n.d. Web.

01 Dec. 2014. Policies to Promote Development." Policies to Promote Development. Economicsonline, n.d. Web. 01

Dec. 2014.

"Education in Rwanda." Wikipedia. Wikimedia Foundation, 30 Nov. 2014. Web. 01 Dec. 2014

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