Rwanda’s economy to grow by 7.8% – IMF

Officials from the Government of Rwanda and IMF during the presentation of their findings to the media. (Photos by Kwizera Emmanuel)

The Rwandan economy is projected to grow by 7.8 per cent in 2019, according to a latest projection by the International Monetary Fund (IMF).

Officials from the IMF have been in the country for the last two weeks engaging officials from the public and private sectors.

IMF & MINECOFIN Press Conference on March 22, 2019

On Friday, they met the Minister of Finance and Economic Planning at the conclusion of their mission in Rwanda, during which they presented their findings to the media.

The mission led by Laure Redifer, said that the economy is projected to remain strong in 2019 at 7.8 per cent driven by investments flows, continued diversification of exports and continued resilience of the agriculture sector.

Among the investments being banked on include Bugesera Airport, Hakan Peat Plant among others.

In 2018, the economy grew by 8.6 per cent surpassing the projected 7.2 per cent with the Gross Domestic Product now estimated at Rwf8,189 billion, up from Rwf7,600 billion in 2017.

The growth was attributed to good performance of key sectors, such as services and agriculture, as well as a rebound witnessed in such sectors as construction, and wholesale and retail.

 

ADVERTISEMENT