IMF made this statement on Friday when it highlighted how the whole national economy has been growing over the past four quarters, with an increase in 8.8 percent in 2018.
“Growth averaged 8.6 percent in the first half of 2018 and, despite a temporary deceleration in Q2, remains in line with projections for 7.2 percent for the year,” it said in a statement late Friday.
IMF also shows that the financial sector remains healthy, and bridging the deficit between exports and imports is also faring well, because it decreased by 6% from October 2017 until September 2018.
IMF indicates that Rwanda’s economic growth in the medium term was expected to remain at, or higher than, historical averages, based on tourism, new mining operations, more resilient agriculture, new and more diversified exports and the construction of a new airport.
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