[RwandaLibre] Rwanda Forecasts Economy to Expand 6% This Year as Aid Resumes

 

Rwanda Forecasts Economy to Expand 6% This Year as Aid Resumes

By Saul Butera
avril 25, 2014 8:03 AM EDT


Rwanda's economy may grow 6 percent this year as the resumption of aid
flows will ensure the government has funds for infrastructure
projects, Finance Ministry Permanent Secretary Kampeta Pitchette
Sayinzoga said.

Expansion slowed to 4.6 percent last year from 7.3 percent in 2012,
Sayinzoga said today in an e-mailed response to questions.

Donors are resuming aid payments after freezing funding pledges over
allegations by an United Nations group of experts in 2012 that the
government backed rebels in the neighboring Democratic Republic of
Congo. President Paul Kagame denies the accusations. The country this
month marked the 20th anniversary of a genocide that saw as many as
800,000 ethnic Tutsis and moderate Hutus killed over 100 days by Hutu
militias.

The agricultural industry in the coffee-producing nation is expected
to have a "strong performance" this year, helping to boost the
economy, Sayinzoga said. The inflation rate is forecast to rise to 5
percent by the end of this year from about 3.6 percent last year amid
currency losses, she said.

The franc may decline 3 percent against the dollar on rising demand by
importers for dollars, she said. The currency has fallen 1.2 percent
against the dollar so far this year, and was trading at 684.02 by 1:31
p.m. in Kigali, the capital.

Rwanda plans to tap international debt markets for a second time,
after raising $400 million in its debut dollar bond last year, once
the government has projects ready to absorb the financing, said
Sayinzoga.

To contact the reporter on this story: Saul Butera in Kigali at
sbutera2@bloomberg.net

To contact the editors responsible for this story: Antony Sguazzin at
asguazzin@bloomberg.net Sarah McGregor, Karl Maier

http://mobile.bloomberg.com/news/2014-04-25/rwanda-forecasts-economy-to-expand-6-this-year-as-aid-resumes.html

--
SIBOMANA Jean Bosco
Google+: https://plus.google.com/110493390983174363421/posts
YouTube Channel: http://www.youtube.com/playlist?list=PL9B4024D0AE764F3D
http://www.youtube.com/user/sibomanaxyz999
***Online Time:15H30-20H30, heure de Montréal.***Fuseau horaire
domestique: heure normale de la côte Est des Etats-Unis et Canada
(GMT-05:00)***

__._,_.___

Reply via web post

Reply to sender

Reply to group

Start a New Topic

Messages in this topic (1)

=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=--=-=-=-=-=-=-=-=-=-=-
.To post a message: RwandaLibre@yahoogroups.com; .To join: RwandaLibre-subscribe@yahoogroups.com; .To unsubscribe from this group,send an email to:
RwandaLibre-unsubscribe@yahoogroups.com
_____________________________________________________

More news:  http://www.amakurunamateka.com ; http://www.ikangurambaga.com ; http://rwandalibre.blogspot.co.uk
--------------------------------------------------------------------------------------
-SVP, considérer  environnement   avant toute  impression de  cet e-mail ou les pièces jointes.
======
-Please consider the environment before printing this email or any attachments.
--------------------------------------------------------------------------------------

Sponsors:

http://www.afriqueintimites.com; http://www.afriqueintimites.com;
http://www.eyumbina.com/; http://www.foraha.net/
-=-=-=--=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-==-

Visit Your Group

• Privacy • Unsubscribe • Terms of Use

.

__,_._,___