He was speaking on Saturday at the 11th Summit of OACPS in Malabo, Equatorial Guinea where he represented President Paul Kagame.
Dr. Nsengiyumva highlighted the importance of aligning the organization’s financing model with global changes.
“As the global context evolves, it is natural that our approach to financing must also adapt,” he said.
He urged member states to rethink traditional financing approaches and to leverage OACPS as a platform not just for cooperation, but also for investment and economic transformation.
To achieve sustainable financing, Dr. Nsengiyumva outlined three essential priorities for the OACPS.
First, he emphasized the need to strengthen domestic resource mobilization across member states as a foundation for greater financial ownership of the organization.
He pointed out that ensuring timely and predictable contributions would be crucial for sustainability.
The second priority was promoting the scale and bankability of regional projects to attract long-term institutional investment. Dr. Nsengiyumva noted that OACPS needs to promote the scale and bankability of projects, particularly at the regional level, as key to attracting long-term and institutional investment.
This, he explained, requires stronger projects, risk mitigation, and coordinated efforts to unlock viable investment opportunities across our countries.
The third priority was deepening partnerships for co-investment, which would involve both traditional and emerging partners in a spirit of mutual benefit and shared responsibility.
Dr. Nsengiyumva also referred to the Samoa Agreement, noting that it provides a valuable framework for supporting sustainable financing efforts.
However, he stressed that its success would depend on member states’ ability to translate commitments into concrete, measurable outcomes.
“The impact [of the Samoa Agreement] will depend on our collective ability to translate commitments into concrete and measurable outcomes,” he remarked.
Premier Nsengiyumva also reaffirmed Rwanda’s commitment to timely contributions.
“Rwanda has consistently continued to pay its assessed contributions on time, and Rwanda commits again to continue to honor its commitments and its assessed contributions to this great organisation and that will be done on time,” he stated.
The Organisation of African, Caribbean and Pacific States (OACPS) is a group of countries in Africa, the Caribbean, and the Pacific that was created by the Georgetown Agreement in 1975. Formerly known as African, Caribbean and Pacific Group of States (ACP), the organisation’s main objectives are sustainable development and poverty reduction within its member states, as well as their greater integration into the world’s economy.
Leave a Reply