Rwanda approves draft reform of central bank law

Claver Gatete
Claver Gatete, Rwanda’s minister of finance and economic planning
Igobruce

Rwanda’s parliament has approved a draft reform of the law on the country’s central bank, including measures that apparently aim to increase its independence from the finance ministry.

The draft law was introduced into parliament by Claver Gatete, Rwanda’s minister of finance and economic planning. It removes a body known as the “board of censors”, which forms part of the central bank’s oversight structure and reports directly to the ministry of finance.

The central bank’s monetary policy and