Rwanda GDP seen at 6.5 per cent: IMF

Reuters, Saturday 15 Jan 2011

The International Monetary Fund expects Rwanda`s economic growth to attain 6.5 per cent in 2010 and 6.5-7 per cent in 2011-12

Photo: Reuters

The International Monetary Fund revised on Saturday its forecast for Rwanda's economic growth to 6.5 per cent in 2010, from a previous 5.4 per cent, and said it expected another 6.5 per cent expansion this year.

"Real GDP growth is projected at 6.5-7.0 per cent in 2011-12, similar to the outlook in the region and higher than the growth projections for sub-Saharan Africa as a whole," the IMF said in a statement.

Growth would be driven by government investments, recovery in exports and higher private sector credits, the IMF said.

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