A memorandum on Foreign Capital Monitoring and analysis was signed by National Bank of Rwanda, National Institute of Statistics of Rwanda, Rwanda Development Boards and Private Sector Federation.

The signing ceremony gathering Heads of above mentioned institutions was held at the National Bank of Rwanda Headquarter on 18th December 2009.

The signed agreement aimed at promoting, improving and developing inter-institutional activities associated to obtaining data regarding foreign assets and liabilities, by performing an annual study known as the “Foreign Assets and Liabilities and Investor Perception Survey.” The agreement will also help to quantify Foreign Assets and Liabilities in Rwanda and to provide, by performing these surveys, information that can be used in regional and national economic analysis, investment promotion and facilitation, and subsequent decision-making.

It is important to note that for the National Bank of Rwanda a real picture of foreign private capital will help to improve the implementation of monetary policy and the compilation of balance of payment for Rwanda.

The exercise of collecting data will begin earlier 2010 and will be coordinated by National Bank of Rwanda.