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Rwanda Economic Update, February 2023: Making the most of Nature Based Tourism in Rwanda

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dc.contributor.authorWorld Bank
dc.date.accessioned2023-02-27T14:56:00Z
dc.date.accessioned2023-03-06T16:36:30Z
dc.date.available2023-02-27T14:56:00Z
dc.date.available2023-03-06T16:36:30Z
dc.date.issued2023-02
dc.description.abstractThe Rwandan economy continued to achieve strong growth in 2022 in the face of weakening external demand and restrictive monetary policies required to control inflation. Rising food prices particularly affected the poor, who devote a large share of their spending to food and appear to have faced higher food inflation than richer households did. Growth is expected to decline somewhat in 2023 and then to recover closer to historical rates over the medium term. Tourism is a major source of Rwanda’s foreign exchange earnings and tends to generate a higher proportion of formal sector jobs than other sectors and could make a substantial contribution to growth. Within tourism, strengthening the provision of nature-based tourism, which accounts for eight percent of leisure and conference visitors in Rwanda would also help protect biodiversity and advance Rwanda’s efforts to adapt to climate change. Nature-based tourism faces significant challenges, including potential limits on expansion of revenues from one of the primary international attractions - gorilla trekking, degradation of the natural assets that underpin the sector, risks presented by infectious diseases, habitat change and overexploitation, and the impact of climate change on tourism demand. Key measures to promote nature-based tourism will need to include expanding the network of protected areas and improving management of the natural assets within and outside protected areas and diversifying the nature-based tourism’s offering while complementing efforts to diversify tourism activities. Efforts are required to enhance revenue sharing mechanisms to increase incentives for local communities to conserve natural assets and unlock new opportunities and community-led enterprises that generate revenue from tourism and sustainable management of natural resources, including forests. This is essential to address poverty, to mitigate poaching threats, other illegal activities, and reduce unsustainable exploitation of resources. It is also imperative to secure private sector participation in financing and operation of facilities by introducing innovative financing methods to secure the necessary investment, strengthening capacity and management of tourism facilities and services, and removing subsidies that contribute to environmental degradation.en
dc.identifierhttp://documents.worldbank.org/curated/en/099123502202319117/P1774570bcca36025096cd01bfac8d121ba
dc.identifier.doihttps://doi.org/10.1596/39470
dc.identifier.urihttps://hdl.handle.net/10986/39470
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank Group
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectECONOMIC GROWTH
dc.subjectFOOD PRICES
dc.subjectNATURE-BASED TOURISM
dc.subjectBIODIVERSITY
dc.subjectCLIMATE CHANGE
dc.subjectPROTECTED AREAS
dc.subjectPOACHING
dc.subjectPRIVATE SECTOR
dc.titleRwanda Economic Update, February 2023en
dc.title.subtitleMaking the most of Nature Based Tourism in Rwandaen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleRwanda Economic Update, February 2023: Making the most of Nature Based Tourism in Rwanda
okr.date.disclosure2023-02-27
okr.date.doiregistration2025-05-07T10:30:20.454072Z
okr.date.lastmodified2023-02-27T00:00:00Zen
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.docurlhttp://documents.worldbank.org/curated/en/099123502202319117/P1774570bcca36025096cd01bfac8d121ba
okr.guid099123502202319117
okr.identifier.externaldocumentumP177457-bcca3693-2ccf-4a25-96cd-1bfac8d121ba
okr.identifier.internaldocumentum34005769
okr.identifier.report180264
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099123502202319117/pdf/P1774570bcca36025096cd01bfac8d121ba.pdfen
okr.region.administrativeAfrica Eastern and Southern (AFE)
okr.region.administrativeAfrica
okr.region.countryRwanda
okr.topicMacroeconomics and Economic Growth::Economic Forecasting
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicEnvironment::Adaptation to Climate Change
okr.topicEnvironment::Biodiversity
okr.topicEnvironment::Environmentally Protected Areas
okr.unitEFI-AFR1-MTI-MacroFiscal-1 (EAEM1)
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