Rwanda has been ranked among Africa’s top performers in financial transparency, with a new report by the Institute of International Finance (IIF) recognizing the country’s efforts in providing reliable economic information to investors and disclosing data on public debt.
The IIF Debt Transparency Report 2026 places Rwanda among countries with strong financial reporting practices, highlighting its transparent disclosure of economic indicators, debt information, and engagement with investors.
Rwanda scored 43.4 out of 50 points, tying with South Africa as the highest-ranked countries in Africa in the assessment, which evaluates debt transparency and investor relations in emerging and developing economies.
The ranking marks Rwanda’s first appearance in the annual assessment, which has been conducted since 2005. The 2026 edition covered 57 emerging and developing economies, with Rwanda among four countries newly included in the report.
IIF recognized Rwanda as a model of transparency, noting that reliable and accessible financial information helps countries strengthen investor confidence, improve access to financing, and enhance long-term debt sustainability.
Across Africa, Kenya followed with 42.79 points, while Côte d’Ivoire scored 41.71 points and Zambia 37.25 points. Other countries assessed included Ghana (37.13), Congo-Brazzaville and Benin (34.54), Nigeria (33.63), Mozambique (33.5), Ethiopia (32.13), Senegal (26.83), Tanzania (24.67), Gabon (21.33), and Cameroon (21.13).
Rwanda also performed strongly in environmental, social, and governance (ESG) disclosures, scoring 3.9 out of 4 points, placing it alongside countries such as Türkiye, Indonesia, Egypt, and Uzbekistan.
The report notes that transparent financial reporting and effective engagement with investors are becoming increasingly important as global investors apply stricter standards when assessing countries’ economic stability and ability to manage debt.
The IIF assessment measures the quality of public debt information, transparency frameworks, and government engagement with investors across emerging and developing markets. The 2026 edition marks the 21st year since the annual review was launched.
