Rwanda economy to rebound after coronavirus

By IGIHE
On 9 April 2020 at 05:52

The Minister of Finance and Economic Planning, Dr. Uzziel Ndagijimana, has explained that Rwanda National Budget will be affected negatively by the coronavirus epidemic as much has been spent in unforeseen expenses fend off the disease and its spiraling effects

The Minister who was speaking to the media said that besides the huge expenses to tame the spread of the virus, revenue collections have substantially been nipped as have domestic production, imports, and exports, rendering the commercial environment into a state of hibernation.

Despite the not so bright picture, economic analysis pundits have projected that Rwandan economy will steadily recover after the epidemic and has been identified as one of the countries that has put in place resilience measures that will see an accelerated economic recovery.

The projection of the experts is based on the 2019 report, authored by FM Global which credits Rwanda’s economic rebound to political integrity, good governance, and competitive risk mitigation measures.


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