Rwanda Economic Update, May 2013 : Maintaining Momentum with a Special Focus on Rwanda's Pathway Out of Poverty

The Rwanda economic update reports and synthesizes recent economic developments and places them in a medium term and global context. It analyzes the implications of these developments and policies for the outlook of Rwanda's economy. In this way, these reports contribute to the implementation of the Bank's Africa strategy. The economic update reports cover in each edition a special feature on a selected topic. It is intended for a wide audience, including policy makers, business leaders and other market participants, and the community of analysts, engaged in Rwanda's economy. Rwanda's economy is estimated to have grown by a robust 8 percent in 2012, continuing a decade-long period of strong economic growth. The economic expansion was driven by buoyant private sector activity, particularly in the services sector, where growth exceeded expectations. This strong economic performance has allowed Rwanda to claim for the third year in a row, the title of the fastest growing economy in the East African Community. The domestic economy remained strong despite an estimated 20 percent reduction in Official Donor Assistance (ODA) in 2012, following the intensifying of the conflict in Eastern Congo. Providing jobs to the two million people who will enter the workforce in the decade to come will be crucial to sustaining Rwanda's achievements.

Bibliographic Details

Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2013-05
Subjects:	ACCOUNTING, ADVANCED ECONOMIES, ANNUAL GROWTH, ARREARS, AUCTIONS, BALANCE OF PAYMENTS, BANK ACCOUNT, BANK ASSETS, BANK DEPOSIT, BANK PAYMENT, BANK POLICY, BANKING ASSETS, BANKING SECTOR, BANKING SYSTEM, BASIS POINTS, BOND, BOND ISSUANCES, BORROWING COSTS, BROAD MONEY, BUDGET DEFICIT, BUFFER, CAPITAL ACCOUNT, CAPITAL ACCOUNTS, CAPITAL FLOWS, CAPITAL GRANTS, CAPITAL INFLOWS, CAPITAL MARKETS, CAPITAL OUTFLOWS, CAPITALIZATION, CENTRAL BANK, CENTRAL BANKS, COMMODITY PRICES, COMPETITIVENESS, CONSOLIDATION, CONSUMER GOODS, CONSUMPTION GROWTH, CREDIT COOPERATIVES, CREDIT GROWTH, CURRENCY, CURRENCY INFLOWS, CURRENT ACCOUNT, CURRENT ACCOUNT DEFICIT, CURRENT ACCOUNT DEFICITS, DEBT, DEBT FORGIVENESS, DEBT INSTRUMENT, DEBT RELIEF, DEPENDENCY RATIO, DEPENDENCY RATIOS, DEPOSIT, DEPRECIATION, DESCRIPTIVE STATISTICS, DEVELOPING COUNTRIES, DEVELOPMENT BANK, DIRECT INVESTMENTS, DISBURSEMENT, DISPOSABLE INCOMES, DOMESTIC BANKING, DOMESTIC BORROWING, DOMESTIC CREDIT, DOMESTIC DEMAND, DOMESTIC ECONOMY, ECONOMIC DEVELOPMENT, ECONOMIC DEVELOPMENTS, ECONOMIC ENVIRONMENT, ECONOMIC GROWTH, ECONOMIES OF SCALE, ELECTRONIC BANKING, EUROBOND, EXCHANGE RATE, EXPANSIONARY PHASE, EXPENDITURE, EXPENDITURES, EXPORT PERFORMANCE, EXPORT VOLUMES, EXPORTERS, EXTERNAL BORROWING, EXTERNAL POSITION, EXTERNAL SHOCKS, FINANCIAL CRISIS, FINANCIAL FLOWS, FINANCIAL INSTITUTIONS, FINANCIAL MARKET, FINANCIAL MARKETS, FINANCIAL SECTOR DEVELOPMENTS, FINANCIAL STABILITY, FINANCIAL SYSTEM, FISCAL POLICY, FOOD PRICES, FOREIGN CAPITAL, FOREIGN CURRENCIES, FOREIGN CURRENCY, FOREIGN DIRECT INVESTMENT, FOREIGN EXCHANGE, FOREIGN EXCHANGE MARKET, FOREIGN EXCHANGE RESERVES, FOREIGN FINANCING, FOREIGN FUND, FOREIGN INFLOWS, FOREIGN INVESTMENTS, FOREIGN INVESTOR, FOREIGN RESERVES, GLOBAL ECONOMY, GLOBAL MARKETS, GOVERNMENT EXPENDITURE, GOVERNMENT EXPENDITURES, GOVERNMENT FINANCING, GOVERNMENT SPENDING, GROSS DOMESTIC PRODUCT, GROWTH RATE, HIGH-INCOME COUNTRIES, HOUSEHOLD BUSINESSES, HUMAN CAPITAL, IMBALANCE, IMPORT, IMPORT PRICES, IMPORTS, INCOME GROWTH, INFLATION, INFLATION RATE, INFLATIONARY PRESSURES, INFORMATION SYSTEM, INSURANCE, INSURANCE COMPANY, INSURANCE INDUSTRY, INTEREST PAYMENT, INTEREST PAYMENTS, INTEREST RATE, INTEREST RATES, INTERNATIONAL BOND, INTERNATIONAL BOND MARKET, INTERNATIONAL RESERVES, INVESTMENT FLOWS, INVESTMENT OPPORTUNITIES, INVESTMENT PROJECTS, INVESTMENT SPENDING, INVESTOR CONFIDENCE, ISSUANCE, ISSUANCE OF T-BILLS, LABOR FORCE, LENDER, LIFE INSURANCE, LIQUIDITY, LIQUIDITY MANAGEMENT, LIVING STANDARDS, LOAN, LOAN PORTFOLIOS, LOCAL CURRENCY, LOCAL MARKETS, MACROECONOMIC MANAGEMENT, MARKET CONDITIONS, MARKET INFORMATION, MARKET INTEREST RATES, MARKET PARTICIPANTS, MARKET RISK, MATURITIES, MATURITY, MICROFINANCE, MICROFINANCE SECTOR, MOBILE PHONE, MONETARY AUTHORITIES, MONETARY CONDITIONS, MONETARY POLICIES, MONETARY POLICY, MONEY MARKET, NATIONAL BANK, NON-PERFORMING LOANS, NPL, OIL PRICES, PENSION, POPULATION GROWTH, PORTFOLIO, POSITIVE SPILLOVERS, POVERTY REDUCTION, PRICE INDEXES, PRICE STABILITY, PRIVATE INVESTMENT, PRIVATE SECTOR INVESTMENT, PUBLIC BUDGET, PUBLIC EXPENDITURE, PUBLIC EXPENDITURES, PUBLIC INVESTMENT, PUBLIC SECTOR BORROWING, PUBLIC SPENDING, PURCHASING POWER, PURCHASING POWER PARITY, RATE OF RETURN, REAL EXCHANGE RATE, RECESSION, RECURRENT EXPENDITURE, REGULATORY REFORM, REMITTANCE, REMITTANCES, REPO, RESERVE, RESERVE REQUIREMENT, RETURNS, SHORTFALL, SHORTFALLS, SLACK, SOLVENCY, SOVEREIGN BONDS, SOVEREIGN DEBT, T-BILLS, TAX, TAX COLLECTION, TAX COLLECTIONS, TELECOMMUNICATIONS, TIME HORIZON, TRADE BALANCE, TRADE DEFICIT, TRADING, TRADING PARTNER, TRADING PARTNERS, TRANSACTION, TRANSACTION COSTS, TRANSMISSION MECHANISMS, TREASURY, TREASURY BILL, TREASURY BILL RATES, TREASURY BILLS, UNCERTAINTY, UPWARD PRESSURE, WITHDRAWAL, WORKING CAPITAL,
Online Access:	http://documents.worldbank.org/curated/en/2013/05/17810159/rwanda-economic-update-maintaining-momentum-special-focus-rwandas-pathway-out-poverty https://hdl.handle.net/10986/16564
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