Emerging Markets has announced that John Rwangombwa, Rwandan Finance Minister, has won the 2012 Emerging Markets Finance Minister of the Year Award for Sub-Saharan Africa.
“Rwanda has achieved strong economic growth combined with a significant reduction in poverty rates, despite an increasingly challenging external environment,” said Taimur Ahmad, editor in chief of Emerging Markets.
“Between 2006 and 2011 poverty in Rwanda dropped by twelve (12%) percentage points from 57% to 45% and extreme poverty dropped from 35.8% to 24.1% in 2011. This reduction coupled with the high average growth rate of 8.2% over the same period demonstrate that growth in Rwanda has been pro-poor and development assistance has been effectively used to change lives especially in rural areas,” Minister Rwangombwa said.
Rwangombwa aims for poverty to drop further by 15% in next five years as growth in key sectors of the economy is expected to accelerate.
The annual Emerging Markets Central Bank Governor and Finance Minister of the Year Awards recognise the leading policymakers in each region. The awards are chosen by Emerging Markets’ editorial team, taking into account the views of leading regional experts.
The winners are announced in our daily newspapers published at the IMF and World Bank annual meetings each year, with the award winning policy makers honoured at an annual awards ceremony during the IMF and World Bank annual meetings.
Emerging Markets is a unique source of news, analysis and commentary on economic policy, international economics and global financial markets, with a particular focus on the emerging world. Emerging Markets has published daily newspapers at IMF, World Bank and regional development bank meetings for the past 25 years. Emerging Markets is part of Euromoney Institutional Investor plc, one of the largest and most respected providers of financial information worldwide.
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