Premier Ngirente, IMF Executive Director discuss Rwanda’s economic growth

By IGIHE
On 23 July 2019 at 04:32

Prime Minister, Dr. Edouard Ngirente has received Dr. Mohamed-Lemine Raghani, the Executive Director of the International Monetary Fund (IMF) and held discussions that focused on the Policy Support Instrument, Standby Credit Facility & New Policy Coordination Instrument that Rwanda benefited.

IMF is Rwanda’s development partner supporting broad economic projects.

The fund supports Rwanda in monetary policy, an uplifting economy without side effects to market prices.

The Minister of Finance and Economic Planning (MINECOFIN), Dr. Uzziel Ndagijimana has said that Premier Ngirente and Raghani discussed on new policy promoting Rwanda’s economy approved by IMF in June 2019.

He explained that the fund assessed the three years concluded program that uplifted Rwanda’s economy before approving a new 2022 agenda.

“It was apparent that Rwanda implemented the program excellently. They are pleased with our high economic growth and effective monetary policies where the monetary value should not go beyond 5%. They are also satisfied with the growth of domestic revenues through taxes or other self-financing measures,” he said.

Mohamed Lemine Raghani said that it was of great value to meet Premier Ngirente to discuss on national development.

Raghani said that IMF trusts Rwanda which pushed to approve a new cooperation agenda meant to take economic growth further.

“IMF appreciated the performance of Rwanda over the past years and has proven how it trusts Rwanda’s leaders. We also discussed ways to foster the protection of Rwanda’s interests. They were amazing discussions in which I have also got advice from the Prime Minister on better approaches to meet targeted goals,” he said.

Rwanda’s economy grew by 7.2% last year and is projected to grow by 7.8% this year.

Building internal capacity to reduce external debts is among areas of focus under three year’s cooperation between Rwanda and IMF.

Prime Minister, Dr. Edouard Ngirente has received Dr. Mohamed-Lemine Raghani, the Executive Director of the International Monetary Fund (IMF).
Mohamed Lemine Raghani said that it was of great value to meet Premier Ngirente to discuss on national development.
Raghani said that IMF trusts Rwanda which pushed to approve a new cooperation agenda meant to take economic growth further.
The Minister of Finance and Economic Planning (MINECOFIN), Dr Uzziel Ndagijimana has said that Premier Ngirente and Raghani discussed on new policy promoting Rwanda’s economy .
IMF is Rwanda’s development partner supporting broad economic projects.

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