Rwanda’s financial system has been forecast to develop at a barely slower tempo this yr earlier than choosing up velocity once more in 2024 and 2025. Finance Minister Uzziel Ndagijimana instructed parliament Wednesday the financial system was forecast to develop 6.2% in 2023 and round 7.5% in 2024 and 2025.
Rwanda is a small however rising market, with a inhabitants of practically 13 million folks and a GDP of $10.354 billion, based on the World Financial institution.
Earlier than the COVID-19 pandemic, the east African nation loved sturdy financial development, averaging over seven p.c GDP development yearly over the past 20 years. The financial system grew 6.8% in 2022 based on the finance ministry.
Main sectors in Rwanda embrace vitality, agriculture, commerce and hospitality, and monetary providers.
Read the full article here
