Bloomberg News

Rwanda’s Economy Expected to Expand 7% This Year, IMF Says

July 08, 2011

July 8 (Bloomberg) -- Rwanda’s economic growth will probably slow to 7 percent this year from an estimated 7.5 percent and inflation may accelerate to 7.5 percent, the International Monetary Fund said.

Rwanda’s central bank is committed to tightening monetary policy if needed to curb second-round effects of higher international food and fuel costs, the Washington-based institution said in a statement on its website.

Sustained growth in the East African nation’s economy is dependent on securing financing for projects, a favorable external environment and a strong recovery in private sector credit, it said.

To contact the editor responsible for this story: Gordon Bell at gbell16@bloomberg.net


Too Cool for Crisis Management
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus