The Use of Rwanda's External Debt (1990-1994) - The Responsibility of Donors and Creditors

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The Use of Rwanda’s External Debt (1990-1994) - The Responsibility of Donors and Creditors

by Michel Chossudovsky , Pierre Galand

4 April 2004

Ten years after the 1994 Genocide, the role of financial institutions has to be fully understood. Development aid and foreign loans were channelled towards financing the military and paramilitary. The donors turned a blind eye. This report examines the role of multilateral and bilateral donors including Western governments and the Bretton Woods institutions.

The mission was composed of Belgian Economist and Senator Pierre Galand (Mission head) and Canadian Economist Professor Michel Chossudovsky. The report, was based on field work conducted in Rwanda in 1996. The mandate of the mission was to identify the role of international financial institutions, donors and creditors in relation to the genocide and ethnic massacres of 1994.

The mission was set up at the request of the Rwandan authorities, formally under UNDP auspices (PROJET RWA/95/005 RÉHABILITATION DES CAPACITÉS DE GESTION DE L’ÉCONOMIE (CAGE).

Please note that the original text of this report is in French and that the English text is an unofficial translation, which has not be checked by the authors. In analyzing and quoting this document, please always refer to the French original.