Rwanda Economic Update, August 2017 : Sustaining Growth by Building on Emerging Export Opportunities
The 10th economic update comes at an important juncture for Rwanda. The country has entered the third decade of uninterrupted economic growth and social progress. Rwanda’s global income ranking improved from the seventh poorest in 2000 to the 20th...
| Main Author: | |
|---|---|
| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Kigali
2017
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/573241503374274792/Rwanda-economic-update-sustaining-growth-by-building-on-emerging-export-opportunities http://hdl.handle.net/10986/28111 |
| Summary: | The 10th economic update comes at an
important juncture for Rwanda. The country has entered the
third decade of uninterrupted economic growth and social
progress. Rwanda’s global income ranking improved from the
seventh poorest in 2000 to the 20th in 2015, on the back of
Rwanda’s strong commitment to good governance, the
principles of market economy and openness. The growth,
however, has been slowing down recently and is expected to
remain subdued in 2017. Going forward, achieving Rwanda’s
ambition of attaining middle-income status requires
sustaining the average growth rate of the past two decades
in the years to come. The vision 2050, and the new EDPRS,
currently under preparation will provide the roadmap for
adapting the economy to the evolving regional and global
context and maintaining a growth rate that delivers poverty
reduction and prosperity. In addition to presenting recent
macroeconomic developments, this update also discusses the
longer-term patterns of productivity and structural
transformation and derives some broad lessons for growth
strategy. The Rwanda Economic Update (REU) reports on and
synthesizes recent economic developments, and places them in
a medium term, regional, and global context. It analyses the
implications of these developments and policies for the
outlook of the economy. These reports attempt to make an
analytical contribution to the implementation of Rwanda’s
national development strategy. Each edition includes a
special feature on a selected topic. The report is intended
for a wide audience, including policy makers, business
leaders, other market participants, the community of
analysts engaged in Rwanda’s economy, and civil society. |
|---|