Rwanda’s economy is likely to expand by 7.2 percent this year owing to the increase in services sector and a rebound in construction.
Rwanda’s Finance Minister,Ambas.Claver Gatete has made the remarks during today’s joint press conference with the International Monetary Fund (IMF) claiming Rwanda expects economic growth of 7-8 percent.
IMF also has pointed out The East African economy, which relies on farming, grew 6.1 percent last year.
“We don’t see any sort of serious downside risks to this forecast at this time,” the IMF said.
Minister Gatete Claver said growth was expected to pick up to 7.8 percent next year.
The International Monetary Fund has recently declared Rwanda’s loans are manageable.
Rwanda’s economy has maintained its stability in past recent years despite World economic crisis. However,the growth has been slowing down since mid-2016 resulting in a 6 percent growth in 2016 and in 4.2 percent annualized
Fred Masengesho Rugira/Bwiza.com