Rwanda Economic Update, June 2015 : Financing Development

Rwanda Economic Update, June 2015 : Financing Development

Growth recovery in 2014 is certainly good news. This time last year, we estimated the 2014 growth rate at 5.7 percent. Against all odds, the economy grew by 7 percent. However,growth outlook is not entirely bright. While the oil price decline has b...

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Bibliographic Details
Main Author: World Bank Group
Format: Report
Language:English
en_US
Published: World Bank, Washington, DC 2015
Subjects:
ECONOMIC RESILIENCE
FINANCING DEVELOPMENT
GLOBAL ECONOMIC RISKS
HIGH INVESTMENT RATES
INFLATION
OIL PRICE DECLINE
TRADE
Online Access:http://documents.worldbank.org/curated/en/2015/07/24743923/financing-development-role-deeper-more-diversified-financial-sector
http://hdl.handle.net/10986/22364
id okr-10986-22364
recordtype oai_dc
spelling okr-10986-223642021-04-23T14:04:08Z Rwanda Economic Update, June 2015 : Financing Development World Bank Group ECONOMIC RESILIENCE FINANCING DEVELOPMENT GLOBAL ECONOMIC RISKS HIGH INVESTMENT RATES INFLATION OIL PRICE DECLINE TRADE Growth recovery in 2014 is certainly good news. This time last year, we estimated the 2014 growth rate at 5.7 percent. Against all odds, the economy grew by 7 percent. However,growth outlook is not entirely bright. While the oil price decline has brought a positive impact oninflation and trade, recent economic indicators show some weaknesses. Also, global risks (e.g.,an increase in US interest rate, slowdown of Chinese and Euro economies, and an appreciationof the US dollar) are emerging. In the medium to long-term, Rwanda’s economic resiliencewill not be achieved without keeping high investment rates. However, the current investmentmodel (high public investment funded by aid) is not likely to be sustainable; given capacityconstraints to maintain high public investment and possible decline in aid relative to GDP inthe medium-term. Finding alternative sources of development financing is a key determinantof future growth. Development of the financial sector is critical to mobilize both domestic andforeign saving for financing development. This is the message of the Eighth Edition of theRwanda Economic Update (REU). 2015-07-31T16:51:20Z 2015-07-31T16:51:20Z 2015-06 Report http://documents.worldbank.org/curated/en/2015/07/24743923/financing-development-role-deeper-more-diversified-financial-sector http://hdl.handle.net/10986/22364 English en_US Rwanda economic update,edition no. 8; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Economic Updates and Modeling Africa Rwanda
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 ECONOMIC RESILIENCE
FINANCING DEVELOPMENT
GLOBAL ECONOMIC RISKS
HIGH INVESTMENT RATES
INFLATION
OIL PRICE DECLINE
TRADE
spellingShingle ECONOMIC RESILIENCE
FINANCING DEVELOPMENT
GLOBAL ECONOMIC RISKS
HIGH INVESTMENT RATES
INFLATION
OIL PRICE DECLINE
TRADE
World Bank Group
Rwanda Economic Update, June 2015 : Financing Development
geographic_facet Africa
Rwanda
relation Rwanda economic update,edition no. 8;
description Growth recovery in 2014 is certainly good news. This time last year, we estimated the 2014 growth rate at 5.7 percent. Against all odds, the economy grew by 7 percent. However,growth outlook is not entirely bright. While the oil price decline has brought a positive impact oninflation and trade, recent economic indicators show some weaknesses. Also, global risks (e.g.,an increase in US interest rate, slowdown of Chinese and Euro economies, and an appreciationof the US dollar) are emerging. In the medium to long-term, Rwanda’s economic resiliencewill not be achieved without keeping high investment rates. However, the current investmentmodel (high public investment funded by aid) is not likely to be sustainable; given capacityconstraints to maintain high public investment and possible decline in aid relative to GDP inthe medium-term. Finding alternative sources of development financing is a key determinantof future growth. Development of the financial sector is critical to mobilize both domestic andforeign saving for financing development. This is the message of the Eighth Edition of theRwanda Economic Update (REU).
format Report
author World Bank Group
author_facet World Bank Group
author_sort World Bank Group
title Rwanda Economic Update, June 2015 : Financing Development
title_short Rwanda Economic Update, June 2015 : Financing Development
title_full Rwanda Economic Update, June 2015 : Financing Development
title_fullStr Rwanda Economic Update, June 2015 : Financing Development
title_full_unstemmed Rwanda Economic Update, June 2015 : Financing Development
title_sort rwanda economic update, june 2015 : financing development
publisher World Bank, Washington, DC
publishDate 2015
url http://documents.worldbank.org/curated/en/2015/07/24743923/financing-development-role-deeper-more-diversified-financial-sector
http://hdl.handle.net/10986/22364
_version_ 1764450850720186368

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