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Dr. Nsengiyumva Calls for Financial Independence in OACPS Member States

Dr. Nsengiyumva Calls for Financial Independence in OACPS Member States

Mar 29, 2026 - 09:44
 0

Rwanda’s Prime Minister, Dr. Justin Nsengiyumva, has urged member states of the Organisation of African, Caribbean and Pacific States to strengthen financial self-reliance and reduce dependence on external assistance.


He made the remarks on March 28, 2026, in Malabo during the opening of the 11th OACPS Heads of State and Government Summit, where he represented President Paul Kagame.

Dr. Nsengiyumva delivered a message from President Kagame to Teodoro Obiang Nguema Mbasogo, congratulating him on assuming the chairmanship of OACPS and reaffirming Rwanda’s commitment to supporting his leadership.

In his address, Dr. Nsengiyumva emphasized the need for sustainable financing systems that can enable OACPS to operate effectively and achieve long-term impact. He noted that changing global economic conditions require member states to rethink how they mobilize and manage development resources.

He outlined three key priorities to guide reforms within the organization.

First, Dr. Nsengiyumva stressed the importance of boosting domestic production in member countries as a foundation for financial independence. He said this would help states meet their financial obligations, including contributions to the organization, in a timely and consistent manner.

Second, he called for stronger development and structuring of regional projects that can attract long-term investment, particularly from financial institutions. He highlighted the importance of preparing well-designed and bankable projects capable of reducing risks and increasing investor confidence.

Third, Dr. Nsengiyumva encouraged deeper partnerships through joint investment initiatives involving both traditional and emerging development partners, ensuring shared responsibility and mutual benefit.

He reaffirmed that Rwanda remains committed to fulfilling its obligations to OACPS on time, underscoring the country’s belief in accountability and collective responsibility.

The Organisation of African, Caribbean and Pacific States (OACPS), established in 1975, brings together 79 member countries with the aim of promoting sustainable development, economic cooperation, and stronger global partnerships, particularly with the European Union.

Dr. Nsengiyumva Calls for Financial Independence in OACPS Member States

Mar 29, 2026 - 09:44
Mar 29, 2026 - 09:49
 0
Dr. Nsengiyumva Calls for Financial Independence in OACPS Member States

Rwanda’s Prime Minister, Dr. Justin Nsengiyumva, has urged member states of the Organisation of African, Caribbean and Pacific States to strengthen financial self-reliance and reduce dependence on external assistance.


He made the remarks on March 28, 2026, in Malabo during the opening of the 11th OACPS Heads of State and Government Summit, where he represented President Paul Kagame.

Dr. Nsengiyumva delivered a message from President Kagame to Teodoro Obiang Nguema Mbasogo, congratulating him on assuming the chairmanship of OACPS and reaffirming Rwanda’s commitment to supporting his leadership.

In his address, Dr. Nsengiyumva emphasized the need for sustainable financing systems that can enable OACPS to operate effectively and achieve long-term impact. He noted that changing global economic conditions require member states to rethink how they mobilize and manage development resources.

He outlined three key priorities to guide reforms within the organization.

First, Dr. Nsengiyumva stressed the importance of boosting domestic production in member countries as a foundation for financial independence. He said this would help states meet their financial obligations, including contributions to the organization, in a timely and consistent manner.

Second, he called for stronger development and structuring of regional projects that can attract long-term investment, particularly from financial institutions. He highlighted the importance of preparing well-designed and bankable projects capable of reducing risks and increasing investor confidence.

Third, Dr. Nsengiyumva encouraged deeper partnerships through joint investment initiatives involving both traditional and emerging development partners, ensuring shared responsibility and mutual benefit.

He reaffirmed that Rwanda remains committed to fulfilling its obligations to OACPS on time, underscoring the country’s belief in accountability and collective responsibility.

The Organisation of African, Caribbean and Pacific States (OACPS), established in 1975, brings together 79 member countries with the aim of promoting sustainable development, economic cooperation, and stronger global partnerships, particularly with the European Union.