NCA is a Tool that can Help Realize Africa’s Ambitions
As the capital of Rwanda, one of the fastest growing countries in Africa, Kigali looks like a city on the move – new buildings, neat sidewalks and careful landscaping. Natural resources contribute nearly 40 percent to Rwanda’s economy and no one understands this better than Stanislas Kamanzi, the Minister of Natural Resources. He began his career in the local administration and then went on to become the UN Ambassador for Rwanda in New York. He became the Minister of Infrastructure in 2006. Two years later, he was given the portfolio of Natural Resources, including water, environment and mining.
Under his leadership, Rwanda is now a WAVES core implementing country.
Rwanda is one of the 10 signatories to the Gaborone Declaration and hence committed to implementing NCA. Recently, the WAVES team visited Rwanda and discussed WAVES with a wide range of stakeholders. The newly-established Rwandan NCA Steering Committee convened for the first time and it ended with a strong consensus to move forward quickly with WAVES implementation.
The WAVES Team caught up with Minister Kamanzi in Kigali.
- GDP is the recognized measure of economic growth. Why change it?
- What is wealth accounting?
- What is natural capital accounting?
- Why is incorporating natural capital accounting into national accounts important for country?
- How do countries put natural capital accounting into place?
- What is the role of WAVES?
- Isn't valuing natural capital really about privatizing nature?