He added that, “If the Western powers suffer, they might surely reduce the aid they offer Rwanda, but all together, regardless of the amount, they will not simply stop supporting Rwanda because of a looming economic crisis.”
Robert Mathu, the Executive Director of Capital Markets Authority said, “Over all, the contagion effect of global economic crises may not hit Africa because most markets are not entirely correlated to the markets in the West. Save for South Africa, which has a developed economy, the effects of the financial crisis will not be fully felt in Africa. If Rwanda is hit anyway, it is most likely going to be a gradual process over a long period of time.”
He added that, “In a way, Africa is already facing some kind of crisis; countries like Uganda, Kenya, Tanzania and Zambia are facing high inflation rates and the banks are offering high interest rates as well.
“In Rwanda though, you can see the currency somewhat managed to remain the most stable in the region. If Rwanda can extinguish region economic trials yet they are closer, then it can surely withstand global issues as well.”