Rwanda Economic Update, December 2013 : Seizing Opportunities for Growth

Rwanda's economic growth slowed in the first half of 2013. Weighed by a slowdown in domestic demand, the economy grew at a modest rate. Decelerating GDP growth mirrored the low growth of services and was the lowest half-year growth rate since...

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Main Author:	World Bank
Format:	Economic Updates and Modeling
Language:	English en_US
Published:	Washington, DC 2014
Subjects:	ACCOUNTING AGRICULTURE ANNUAL GROWTH ARREARS ASSETS BALANCE SHEETS BANK DEPOSITS BANK POLICY BANKING SECTOR BANKING SYSTEM BASIS POINTS BOND ISSUANCE BROAD MONEY BUDGET DEFICIT BUFFERS CAPACITY BUILDING CAPITAL ACCUMULATION CAPITAL ALLOCATIONS CAPITAL FORMATION CAPITAL GOODS CAPITAL GOODS IMPORTS CAPITAL GRANTS CENTRAL BANK COMMERCIAL BANK COMMERCIAL BANKS COMPETITIVENESS CONSOLIDATION CONSUMER GOODS CONSUMER PRICE INDEX CONSUMPTION EXPENDITURES COORDINATION FAILURE CORE INFLATION CREDIT EXPANSION CREDIT GROWTH DEBT DEBT SUSTAINABILITY DECENTRALIZATION DEMAND FOR MONEY DEPENDENCY RATIO DEPENDENCY RATIOS DEPOSIT DEPOSITORS DEPRECIATIONS DEVELOPMENT STRATEGY DISBURSEMENT DISBURSEMENTS DISPOSABLE INCOME DOMESTIC BORROWING DOMESTIC CAPITAL DOMESTIC CREDIT DOMESTIC DEBT DOMESTIC DEMAND DOMESTIC ECONOMY DOMESTIC MARKETS DOMESTIC SAVINGS DOUBLE TAXATION DURABLE DURABLE GOODS ECONOMIC CRISES ECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENTS ECONOMIC GROWTH ECONOMIC OUTLOOK ECONOMIC SLOWDOWN EUROBOND EXCESS LIQUIDITY EXCHANGE RATE EXCHANGE RATE POLICY EXCHANGE RATES EXPENDITURE EXPENDITURES EXPORT EARNINGS EXPORT GROWTH EXPORT PERFORMANCE EXPORTERS EXPORTS EXTERNAL BORROWING EXTERNAL COMPETITIVENESS EXTERNAL DEMAND EXTERNAL TRADE FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL MARKET FINANCIAL SECTOR FISCAL BURDEN FISCAL DEFICIT FISCAL POLICY FLOW OF CREDIT FOOD PRICE FOOD PRICES FOREIGN ASSETS FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET FOREIGN EXCHANGE MARKETS FOREIGN FINANCING FOREIGN INVESTMENT FOREIGN INVESTORS FOREIGN LOANS FOREIGN RESERVES GDP GDP PER CAPITA GOVERNMENT BORROWING GOVERNMENT SECURITIES GROSS CAPITAL FORMATION GROSS DOMESTIC PRODUCT GROWTH PERFORMANCE GROWTH PROJECTIONS GROWTH RATE GROWTH RATES HOUSEHOLD WEALTH HUMAN CAPITAL IMPORT IMPORT DEMAND IMPORT GROWTH IMPORT PRICE IMPORT PRICES IMPORTS INCOME LEVELS INFLATION INFLATION RATE INFLATION RATES INFLATIONARY PRESSURES INFORMATION SYSTEM INSTRUMENT INTEREST PAYMENT INTEREST PAYMENTS INTEREST RATE INTEREST RATES INTERNATIONAL MARKETS INTERNATIONAL PRICE INTERNATIONAL PRICES INTERNATIONAL RESERVES INTERNATIONAL TRADE INVESTMENT DEMAND INVESTMENT INFLOWS ISSUANCE LABOR FORCE LABOR MARKET LIQUIDITY LIVING STANDARDS MACROECONOMIC MANAGEMENT MARKET EXCHANGE RATES MARKET INTEREST RATES MARKET PARTICIPANTS MATURITIES MATURITY MATURITY PERIOD MODEL CONTRACT MONETARY CONDITIONS MONETARY FUND MONETARY POLICIES MONETARY POLICY MONEY MULTIPLIER MORTGAGE MORTGAGE LOANS MORTGAGES MULTIPLIERS NATIONAL BANK NET EXPORTS NOMINAL DEPRECIATION NON PERFORMING LOANS OLD-AGE PENSIONS OPEN MARKET OPEN MARKET OPERATIONS PAYMENT SYSTEM POPULATION GROWTH POVERTY REDUCTION PRICE DISCOVERY PRICE STABILITY PRIVATE CREDIT PRIVATE CREDIT GROWTH PRIVATE LENDING PRIVATE SECTOR CREDIT PUBLIC DEBT PUBLIC EXPENDITURE PUBLIC INVESTMENT PUBLIC SPENDING PURCHASING POWER PURCHASING POWER PARITY RAPID GROWTH RATE OF DEPRECIATION RE-EXPORTS REAL EFFECTIVE EXCHANGE RATE REAL EFFECTIVE EXCHANGE RATES REAL EXCHANGE RATE REAL GDP REAL INVESTMENT RECURRENT EXPENDITURE RELATIVE PRICE REPOS RESERVE RESERVE MONEY RESERVE REQUIREMENTS RESERVES SAVINGS RATE SECONDARY MARKET SHORTFALL SLOWDOWN STOCKS T-BILL T-BILL RATES T-BILLS TAX TAX COLLECTION TAX REVENUES TAXATION TOTAL EXPORTS TOTAL IMPORTS TRADABLE GOODS TRADE BALANCE TRADE DEFICIT TRADE SHOCKS TRADE STRATEGY TRADING TRADING PARTNER TRADING PARTNERS TRANSPORTATION COSTS TREASURY TREASURY BILLS TREASURY-BILL RATES UNDERDEVELOPED FINANCIAL MARKET UPWARD PRESSURE VALUE ADDED WAGES WEALTH WEALTH CREATION
Online Access:	http://documents.worldbank.org/curated/en/2013/12/18745731/rwanda-economic-update-seizing-opportunities-growth http://hdl.handle.net/10986/16990

id	okr-10986-16990
recordtype	oai_dc
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ACCOUNTING AGRICULTURE ANNUAL GROWTH ARREARS ASSETS BALANCE SHEETS BANK DEPOSITS BANK POLICY BANKING SECTOR BANKING SYSTEM BASIS POINTS BOND ISSUANCE BROAD MONEY BUDGET DEFICIT BUFFERS CAPACITY BUILDING CAPITAL ACCUMULATION CAPITAL ALLOCATIONS CAPITAL FORMATION CAPITAL GOODS CAPITAL GOODS IMPORTS CAPITAL GRANTS CENTRAL BANK COMMERCIAL BANK COMMERCIAL BANKS COMPETITIVENESS CONSOLIDATION CONSUMER GOODS CONSUMER PRICE INDEX CONSUMPTION EXPENDITURES COORDINATION FAILURE CORE INFLATION CREDIT EXPANSION CREDIT GROWTH DEBT DEBT SUSTAINABILITY DECENTRALIZATION DEMAND FOR MONEY DEPENDENCY RATIO DEPENDENCY RATIOS DEPOSIT DEPOSITORS DEPRECIATIONS DEVELOPMENT STRATEGY DISBURSEMENT DISBURSEMENTS DISPOSABLE INCOME DOMESTIC BORROWING DOMESTIC CAPITAL DOMESTIC CREDIT DOMESTIC DEBT DOMESTIC DEMAND DOMESTIC ECONOMY DOMESTIC MARKETS DOMESTIC SAVINGS DOUBLE TAXATION DURABLE DURABLE GOODS ECONOMIC CRISES ECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENTS ECONOMIC GROWTH ECONOMIC OUTLOOK ECONOMIC SLOWDOWN EUROBOND EXCESS LIQUIDITY EXCHANGE RATE EXCHANGE RATE POLICY EXCHANGE RATES EXPENDITURE EXPENDITURES EXPORT EARNINGS EXPORT GROWTH EXPORT PERFORMANCE EXPORTERS EXPORTS EXTERNAL BORROWING EXTERNAL COMPETITIVENESS EXTERNAL DEMAND EXTERNAL TRADE FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL MARKET FINANCIAL SECTOR FISCAL BURDEN FISCAL DEFICIT FISCAL POLICY FLOW OF CREDIT FOOD PRICE FOOD PRICES FOREIGN ASSETS FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET FOREIGN EXCHANGE MARKETS FOREIGN FINANCING FOREIGN INVESTMENT FOREIGN INVESTORS FOREIGN LOANS FOREIGN RESERVES GDP GDP PER CAPITA GOVERNMENT BORROWING GOVERNMENT SECURITIES GROSS CAPITAL FORMATION GROSS DOMESTIC PRODUCT GROWTH PERFORMANCE GROWTH PROJECTIONS GROWTH RATE GROWTH RATES HOUSEHOLD WEALTH HUMAN CAPITAL IMPORT IMPORT DEMAND IMPORT GROWTH IMPORT PRICE IMPORT PRICES IMPORTS INCOME LEVELS INFLATION INFLATION RATE INFLATION RATES INFLATIONARY PRESSURES INFORMATION SYSTEM INSTRUMENT INTEREST PAYMENT INTEREST PAYMENTS INTEREST RATE INTEREST RATES INTERNATIONAL MARKETS INTERNATIONAL PRICE INTERNATIONAL PRICES INTERNATIONAL RESERVES INTERNATIONAL TRADE INVESTMENT DEMAND INVESTMENT INFLOWS ISSUANCE LABOR FORCE LABOR MARKET LIQUIDITY LIVING STANDARDS MACROECONOMIC MANAGEMENT MARKET EXCHANGE RATES MARKET INTEREST RATES MARKET PARTICIPANTS MATURITIES MATURITY MATURITY PERIOD MODEL CONTRACT MONETARY CONDITIONS MONETARY FUND MONETARY POLICIES MONETARY POLICY MONEY MULTIPLIER MORTGAGE MORTGAGE LOANS MORTGAGES MULTIPLIERS NATIONAL BANK NET EXPORTS NOMINAL DEPRECIATION NON PERFORMING LOANS OLD-AGE PENSIONS OPEN MARKET OPEN MARKET OPERATIONS PAYMENT SYSTEM POPULATION GROWTH POVERTY REDUCTION PRICE DISCOVERY PRICE STABILITY PRIVATE CREDIT PRIVATE CREDIT GROWTH PRIVATE LENDING PRIVATE SECTOR CREDIT PUBLIC DEBT PUBLIC EXPENDITURE PUBLIC INVESTMENT PUBLIC SPENDING PURCHASING POWER PURCHASING POWER PARITY RAPID GROWTH RATE OF DEPRECIATION RE-EXPORTS REAL EFFECTIVE EXCHANGE RATE REAL EFFECTIVE EXCHANGE RATES REAL EXCHANGE RATE REAL GDP REAL INVESTMENT RECURRENT EXPENDITURE RELATIVE PRICE REPOS RESERVE RESERVE MONEY RESERVE REQUIREMENTS RESERVES SAVINGS RATE SECONDARY MARKET SHORTFALL SLOWDOWN STOCKS T-BILL T-BILL RATES T-BILLS TAX TAX COLLECTION TAX REVENUES TAXATION TOTAL EXPORTS TOTAL IMPORTS TRADABLE GOODS TRADE BALANCE TRADE DEFICIT TRADE SHOCKS TRADE STRATEGY TRADING TRADING PARTNER TRADING PARTNERS TRANSPORTATION COSTS TREASURY TREASURY BILLS TREASURY-BILL RATES UNDERDEVELOPED FINANCIAL MARKET UPWARD PRESSURE VALUE ADDED WAGES WEALTH WEALTH CREATION
spellingShingle	ACCOUNTING AGRICULTURE ANNUAL GROWTH ARREARS ASSETS BALANCE SHEETS BANK DEPOSITS BANK POLICY BANKING SECTOR BANKING SYSTEM BASIS POINTS BOND ISSUANCE BROAD MONEY BUDGET DEFICIT BUFFERS CAPACITY BUILDING CAPITAL ACCUMULATION CAPITAL ALLOCATIONS CAPITAL FORMATION CAPITAL GOODS CAPITAL GOODS IMPORTS CAPITAL GRANTS CENTRAL BANK COMMERCIAL BANK COMMERCIAL BANKS COMPETITIVENESS CONSOLIDATION CONSUMER GOODS CONSUMER PRICE INDEX CONSUMPTION EXPENDITURES COORDINATION FAILURE CORE INFLATION CREDIT EXPANSION CREDIT GROWTH DEBT DEBT SUSTAINABILITY DECENTRALIZATION DEMAND FOR MONEY DEPENDENCY RATIO DEPENDENCY RATIOS DEPOSIT DEPOSITORS DEPRECIATIONS DEVELOPMENT STRATEGY DISBURSEMENT DISBURSEMENTS DISPOSABLE INCOME DOMESTIC BORROWING DOMESTIC CAPITAL DOMESTIC CREDIT DOMESTIC DEBT DOMESTIC DEMAND DOMESTIC ECONOMY DOMESTIC MARKETS DOMESTIC SAVINGS DOUBLE TAXATION DURABLE DURABLE GOODS ECONOMIC CRISES ECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENTS ECONOMIC GROWTH ECONOMIC OUTLOOK ECONOMIC SLOWDOWN EUROBOND EXCESS LIQUIDITY EXCHANGE RATE EXCHANGE RATE POLICY EXCHANGE RATES EXPENDITURE EXPENDITURES EXPORT EARNINGS EXPORT GROWTH EXPORT PERFORMANCE EXPORTERS EXPORTS EXTERNAL BORROWING EXTERNAL COMPETITIVENESS EXTERNAL DEMAND EXTERNAL TRADE FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL MARKET FINANCIAL SECTOR FISCAL BURDEN FISCAL DEFICIT FISCAL POLICY FLOW OF CREDIT FOOD PRICE FOOD PRICES FOREIGN ASSETS FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET FOREIGN EXCHANGE MARKETS FOREIGN FINANCING FOREIGN INVESTMENT FOREIGN INVESTORS FOREIGN LOANS FOREIGN RESERVES GDP GDP PER CAPITA GOVERNMENT BORROWING GOVERNMENT SECURITIES GROSS CAPITAL FORMATION GROSS DOMESTIC PRODUCT GROWTH PERFORMANCE GROWTH PROJECTIONS GROWTH RATE GROWTH RATES HOUSEHOLD WEALTH HUMAN CAPITAL IMPORT IMPORT DEMAND IMPORT GROWTH IMPORT PRICE IMPORT PRICES IMPORTS INCOME LEVELS INFLATION INFLATION RATE INFLATION RATES INFLATIONARY PRESSURES INFORMATION SYSTEM INSTRUMENT INTEREST PAYMENT INTEREST PAYMENTS INTEREST RATE INTEREST RATES INTERNATIONAL MARKETS INTERNATIONAL PRICE INTERNATIONAL PRICES INTERNATIONAL RESERVES INTERNATIONAL TRADE INVESTMENT DEMAND INVESTMENT INFLOWS ISSUANCE LABOR FORCE LABOR MARKET LIQUIDITY LIVING STANDARDS MACROECONOMIC MANAGEMENT MARKET EXCHANGE RATES MARKET INTEREST RATES MARKET PARTICIPANTS MATURITIES MATURITY MATURITY PERIOD MODEL CONTRACT MONETARY CONDITIONS MONETARY FUND MONETARY POLICIES MONETARY POLICY MONEY MULTIPLIER MORTGAGE MORTGAGE LOANS MORTGAGES MULTIPLIERS NATIONAL BANK NET EXPORTS NOMINAL DEPRECIATION NON PERFORMING LOANS OLD-AGE PENSIONS OPEN MARKET OPEN MARKET OPERATIONS PAYMENT SYSTEM POPULATION GROWTH POVERTY REDUCTION PRICE DISCOVERY PRICE STABILITY PRIVATE CREDIT PRIVATE CREDIT GROWTH PRIVATE LENDING PRIVATE SECTOR CREDIT PUBLIC DEBT PUBLIC EXPENDITURE PUBLIC INVESTMENT PUBLIC SPENDING PURCHASING POWER PURCHASING POWER PARITY RAPID GROWTH RATE OF DEPRECIATION RE-EXPORTS REAL EFFECTIVE EXCHANGE RATE REAL EFFECTIVE EXCHANGE RATES REAL EXCHANGE RATE REAL GDP REAL INVESTMENT RECURRENT EXPENDITURE RELATIVE PRICE REPOS RESERVE RESERVE MONEY RESERVE REQUIREMENTS RESERVES SAVINGS RATE SECONDARY MARKET SHORTFALL SLOWDOWN STOCKS T-BILL T-BILL RATES T-BILLS TAX TAX COLLECTION TAX REVENUES TAXATION TOTAL EXPORTS TOTAL IMPORTS TRADABLE GOODS TRADE BALANCE TRADE DEFICIT TRADE SHOCKS TRADE STRATEGY TRADING TRADING PARTNER TRADING PARTNERS TRANSPORTATION COSTS TREASURY TREASURY BILLS TREASURY-BILL RATES UNDERDEVELOPED FINANCIAL MARKET UPWARD PRESSURE VALUE ADDED WAGES WEALTH WEALTH CREATION World Bank Rwanda Economic Update, December 2013 : Seizing Opportunities for Growth
geographic_facet	Africa Rwanda
relation	Rwanda economic update;edition no. 5
description	Rwanda's economic growth slowed in the first half of 2013. Weighed by a slowdown in domestic demand, the economy grew at a modest rate. Decelerating GDP growth mirrored the low growth of services and was the lowest half-year growth rate since 2010, when the domestic economy was hard hit by the combination of the global financial crisis and a domestic credit crunch. This edition of the Rwanda Economic Update examines three key issues: 1) the cause for the economic slowdown; 2) whether the economic slowdown is temporary, or the beginning of further deceleration, and the forecasted growth for 2014; and 3) policy options for the authorities.
format	Economic & Sector Work :: Economic Updates and Modeling
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Rwanda Economic Update, December 2013 : Seizing Opportunities for Growth
title_short	Rwanda Economic Update, December 2013 : Seizing Opportunities for Growth
title_full	Rwanda Economic Update, December 2013 : Seizing Opportunities for Growth
title_fullStr	Rwanda Economic Update, December 2013 : Seizing Opportunities for Growth
title_full_unstemmed	Rwanda Economic Update, December 2013 : Seizing Opportunities for Growth
title_sort	rwanda economic update, december 2013 : seizing opportunities for growth
publisher	Washington, DC
publishDate	2014
url	http://documents.worldbank.org/curated/en/2013/12/18745731/rwanda-economic-update-seizing-opportunities-growth http://hdl.handle.net/10986/16990
_version_	1764435384942460928
spelling	okr-10986-169902021-04-23T14:03:34Z Rwanda Economic Update, December 2013 : Seizing Opportunities for Growth World Bank ACCOUNTING AGRICULTURE ANNUAL GROWTH ARREARS ASSETS BALANCE SHEETS BANK DEPOSITS BANK POLICY BANKING SECTOR BANKING SYSTEM BASIS POINTS BOND ISSUANCE BROAD MONEY BUDGET DEFICIT BUFFERS CAPACITY BUILDING CAPITAL ACCUMULATION CAPITAL ALLOCATIONS CAPITAL FORMATION CAPITAL GOODS CAPITAL GOODS IMPORTS CAPITAL GRANTS CENTRAL BANK COMMERCIAL BANK COMMERCIAL BANKS COMPETITIVENESS CONSOLIDATION CONSUMER GOODS CONSUMER PRICE INDEX CONSUMPTION EXPENDITURES COORDINATION FAILURE CORE INFLATION CREDIT EXPANSION CREDIT GROWTH DEBT DEBT SUSTAINABILITY DECENTRALIZATION DEMAND FOR MONEY DEPENDENCY RATIO DEPENDENCY RATIOS DEPOSIT DEPOSITORS DEPRECIATIONS DEVELOPMENT STRATEGY DISBURSEMENT DISBURSEMENTS DISPOSABLE INCOME DOMESTIC BORROWING DOMESTIC CAPITAL DOMESTIC CREDIT DOMESTIC DEBT DOMESTIC DEMAND DOMESTIC ECONOMY DOMESTIC MARKETS DOMESTIC SAVINGS DOUBLE TAXATION DURABLE DURABLE GOODS ECONOMIC CRISES ECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENTS ECONOMIC GROWTH ECONOMIC OUTLOOK ECONOMIC SLOWDOWN EUROBOND EXCESS LIQUIDITY EXCHANGE RATE EXCHANGE RATE POLICY EXCHANGE RATES EXPENDITURE EXPENDITURES EXPORT EARNINGS EXPORT GROWTH EXPORT PERFORMANCE EXPORTERS EXPORTS EXTERNAL BORROWING EXTERNAL COMPETITIVENESS EXTERNAL DEMAND EXTERNAL TRADE FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL MARKET FINANCIAL SECTOR FISCAL BURDEN FISCAL DEFICIT FISCAL POLICY FLOW OF CREDIT FOOD PRICE FOOD PRICES FOREIGN ASSETS FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET FOREIGN EXCHANGE MARKETS FOREIGN FINANCING FOREIGN INVESTMENT FOREIGN INVESTORS FOREIGN LOANS FOREIGN RESERVES GDP GDP PER CAPITA GOVERNMENT BORROWING GOVERNMENT SECURITIES GROSS CAPITAL FORMATION GROSS DOMESTIC PRODUCT GROWTH PERFORMANCE GROWTH PROJECTIONS GROWTH RATE GROWTH RATES HOUSEHOLD WEALTH HUMAN CAPITAL IMPORT IMPORT DEMAND IMPORT GROWTH IMPORT PRICE IMPORT PRICES IMPORTS INCOME LEVELS INFLATION INFLATION RATE INFLATION RATES INFLATIONARY PRESSURES INFORMATION SYSTEM INSTRUMENT INTEREST PAYMENT INTEREST PAYMENTS INTEREST RATE INTEREST RATES INTERNATIONAL MARKETS INTERNATIONAL PRICE INTERNATIONAL PRICES INTERNATIONAL RESERVES INTERNATIONAL TRADE INVESTMENT DEMAND INVESTMENT INFLOWS ISSUANCE LABOR FORCE LABOR MARKET LIQUIDITY LIVING STANDARDS MACROECONOMIC MANAGEMENT MARKET EXCHANGE RATES MARKET INTEREST RATES MARKET PARTICIPANTS MATURITIES MATURITY MATURITY PERIOD MODEL CONTRACT MONETARY CONDITIONS MONETARY FUND MONETARY POLICIES MONETARY POLICY MONEY MULTIPLIER MORTGAGE MORTGAGE LOANS MORTGAGES MULTIPLIERS NATIONAL BANK NET EXPORTS NOMINAL DEPRECIATION NON PERFORMING LOANS OLD-AGE PENSIONS OPEN MARKET OPEN MARKET OPERATIONS PAYMENT SYSTEM POPULATION GROWTH POVERTY REDUCTION PRICE DISCOVERY PRICE STABILITY PRIVATE CREDIT PRIVATE CREDIT GROWTH PRIVATE LENDING PRIVATE SECTOR CREDIT PUBLIC DEBT PUBLIC EXPENDITURE PUBLIC INVESTMENT PUBLIC SPENDING PURCHASING POWER PURCHASING POWER PARITY RAPID GROWTH RATE OF DEPRECIATION RE-EXPORTS REAL EFFECTIVE EXCHANGE RATE REAL EFFECTIVE EXCHANGE RATES REAL EXCHANGE RATE REAL GDP REAL INVESTMENT RECURRENT EXPENDITURE RELATIVE PRICE REPOS RESERVE RESERVE MONEY RESERVE REQUIREMENTS RESERVES SAVINGS RATE SECONDARY MARKET SHORTFALL SLOWDOWN STOCKS T-BILL T-BILL RATES T-BILLS TAX TAX COLLECTION TAX REVENUES TAXATION TOTAL EXPORTS TOTAL IMPORTS TRADABLE GOODS TRADE BALANCE TRADE DEFICIT TRADE SHOCKS TRADE STRATEGY TRADING TRADING PARTNER TRADING PARTNERS TRANSPORTATION COSTS TREASURY TREASURY BILLS TREASURY-BILL RATES UNDERDEVELOPED FINANCIAL MARKET UPWARD PRESSURE VALUE ADDED WAGES WEALTH WEALTH CREATION Rwanda's economic growth slowed in the first half of 2013. Weighed by a slowdown in domestic demand, the economy grew at a modest rate. Decelerating GDP growth mirrored the low growth of services and was the lowest half-year growth rate since 2010, when the domestic economy was hard hit by the combination of the global financial crisis and a domestic credit crunch. This edition of the Rwanda Economic Update examines three key issues: 1) the cause for the economic slowdown; 2) whether the economic slowdown is temporary, or the beginning of further deceleration, and the forecasted growth for 2014; and 3) policy options for the authorities. 2014-02-10T22:47:57Z 2014-02-10T22:47:57Z 2013-12 http://documents.worldbank.org/curated/en/2013/12/18745731/rwanda-economic-update-seizing-opportunities-growth http://hdl.handle.net/10986/16990 English en_US Rwanda economic update;edition no. 5 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ Washington, DC Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work Africa Rwanda

Rwanda Economic Update, December 2013 : Seizing Opportunities for Growth

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