The International Monetary Fund has said that the acceleration of vaccinations in Rwanda and resumption of economic activities are driving a strong economic rebound.
In the latest consultation and review by the IMF released this week, the fund noted the economy was on the recovery path.
The fund projected a Gross Domestic Product growth of 10.2 per cent in 2021 and about 7.2 per cent in 2022.
The fund noted that additional fiscal spending is expected in the year is expected to further address emerging social needs and to support the recovery.
Rwanda’s allocation of Special Drawing Rights equivalent to $219 million, and the Eurobond issuance, equivalent to $620 million, which are expected to help reduce near-term liquidity pressures and in coping with the impact of the pandemic.
“Real GDP growth is projected at 10.2 percent in 2021 on the back of a recently accelerated vaccination campaign targeting high-infection areas, the pickup in external…
#featured #travelnews