Fw: [RwandaLibre] Rwanda's economic growth drops by 4.6% -IMF

 

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Subject: FW: [RwandaLibre] Rwanda's economic growth drops by 4.6% -IMF

"Rwanda's economic growth dropped to 4.6 per cent in 2013, reflecting weak agriculture as well as aid-related delays in the implementation of government financed projects.
Inflation in Rwanda has been subdued, reflecting weak activity and low food and fuel import prices," he (Mr Palo Drummond, the Head of the IMF team to Kigali between March 25 and April 6, 2014 ) said.

"Miracle economic" ko isa niliho ihuhwa n'umuyaga, ba Bill, Tony, Warren, etc balihe ngo batege ibikondo itarahungabana?

Nyamara ntibyoroshye ibya Rwanda, uretse ko muli propaganda tuli indashyikirwa! 

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To: Sibomanaxyz999@gmail.com
From: sibomanaxyz999@gmail.com
Date: Thu, 10 Apr 2014 20:27:35 -0400
Subject: [RwandaLibre] Rwanda's economic growth drops by 4.6% -IMF

 

Rwanda's economic growth drops by 4.6% -IMF

April 10, 2014 by nan

The International Monetary Fund on Wednesday in Abidjan said that the
economic growth in Rwanda dropped to 4.6 per cent in 2013.

Mr Palo Drummond, the Head of the IMF team to Kigali between March 25
and April 6 stated this in a report at the end of the team's mission.

He said that the team, which went to review Rwanda's performance under
the Policy Support Instrument met with critical economic stakeholders
in the country during the visit.

"Rwanda's economic growth dropped to 4.6 per cent in 2013, reflecting
weak agriculture as well as aid-related delays in the implementation
of government financed projects.

"Inflation in Rwanda has been subdued, reflecting weak activity and
low food and fuel import prices," he said.

According to Drummond, Rwanda's performance under the IMF-supported
programme, however, remained satisfactory.

He said that structural reforms advanced as planned while the
government was moving ahead with the much needed revenue mobilisation
efforts.

"For 2014, economic growth is projected at six per cent, driven by a
rebound in agriculture and a pick-up in the services sector.

"This will require firm implementation of the government's investment
programme. Inflation is expected to be about five per cent at end of
2014," he said.

Drummond said the mission reached a preliminary agreement with the
authorities on economic policies for the remainder of 2014 to support
near-term growth and strengthen resilience to shocks.

"It seeks in particular to ensure that the 2014/2015 budget, to be
presented to parliament in June, falls in line with PSI objectives.

"It also seeks to sustain revenue mobilisation efforts, adjust current
spending to available resources, minimise domestic financing, and
protect priority spending," he said.

The News Agency of Nigeria reports that the PSI is an IMF instrument
designed for countries not needing balance of payments financial
support.

http://www.punchng.com/news/rwandas-economic-growth-drops-by-4-6-imf/

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