Rwanda Economic Update, November 2011 : Resilience in the Face of Economic Adversity
Rwanda is expected to grow at over 8 percent in 2011, led by strong growth in the agricultural, industrial, and services sectors in the second half of the year. Rwanda’s growth prospects for 2011 compare favorably with others in the region. Rwanda...
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| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/137821510119707321/Resilience-in-the-face-of-economic-adversity-policies-for-growth-with-a-focus-on-household-enterprises http://hdl.handle.net/10986/28885 |
| Summary: | Rwanda is expected to grow at over 8
percent in 2011, led by strong growth in the agricultural,
industrial, and services sectors in the second half of the
year. Rwanda’s growth prospects for 2011 compare favorably
with others in the region. Rwanda has demonstrated economic
resilience at a time when regional and global shocks have
had serious consequences for many neighboring East African
Community (EAC) countries. The main drivers of Rwanda’s
growth for the first half of 2011 were the industrial and
services sectors. Increased agricultural production in the
second half of 2011 follows the excellent rains in the
second planting season(March-June). Rwanda has ambitious
plans to transform from a largely agrarian economy, to one
led by a vibrant modern non-agricultural private sector,
providing goods and services to meet growing internal and
regional demands. Household enterprises (HEs) are activities
providing goods and services that are run out of the
household, usually by one family member although they may
incorporate other family members in their operation. This
update concludes with a series of policy recommendations for
developing HEs which can have a major impact on increasing
the output and productivity of this important, but
neglected, sector of the economy. |
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