Rwanda Economic Update, January 2022, Edition No. 18 : Boosting Regional Integration in the Post-COVID Era

Global economic growth has picked up in 2021 and has now surpassed its pre-pandemic level. The National Bank of Rwanda (NBR) has maintained an accommodative monetary stance and other measures to support the recovery, taking advantage of low inflati...

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Main Author:	World Bank
Format:	Report
Language:	English
Published:	World Bank, Kigali 2022
Subjects:	ECONOMIC GROWTH ECONOMIC RECOVERY PANDEMIC RESTRICTIONS ECONOMIC OUTLOOK REGIONAL TRADE INTEGRATION CORONAVIRUS COVID-19
Online Access:	http://documents.worldbank.org/curated/en/099555001312271497/P1774570ec77d60d80881e026141affd5f9 http://hdl.handle.net/10986/36928

id	okr-10986-36928
recordtype	oai_dc
spelling	okr-10986-369282022-02-08T05:10:41Z Rwanda Economic Update, January 2022, Edition No. 18 : Boosting Regional Integration in the Post-COVID Era World Bank ECONOMIC GROWTH ECONOMIC RECOVERY PANDEMIC RESTRICTIONS ECONOMIC OUTLOOK REGIONAL TRADE INTEGRATION CORONAVIRUS COVID-19 Global economic growth has picked up in 2021 and has now surpassed its pre-pandemic level. The National Bank of Rwanda (NBR) has maintained an accommodative monetary stance and other measures to support the recovery, taking advantage of low inflation. The government’s continued fiscal expansion is also providing support to the economy. Regional integration offers significant benefits for Rwanda, including greater potential for scale economies, opportunities for learning to export and produce higher-quality goods, and cooperation to improve trade facilitation. Regional trade will be enhanced by boosting trade with non- East African Community (EAC) members. The African continental free trade area (AfCFTA) can boost growth and trade integration. The development of Rwanda as a regional logistics hub, serving as an intermediating node between the East and Central Africa regions offers prospects to increase revenues and generate efficiency gains through the concentration of logistics services. The white paper on logistics and distribution services strategy for Rwanda, prepared with the support of the World Bank, laid out a two-phase strategy for the rollout of Rwanda as regional logistic hub. This involved: (i) improving the efficiency of Rwanda’s role as a land-bridge for re-exports to Goma in Democratic Republic of Congo (DRC); and (ii) establishing a regional logistics hub in Rwanda linked to a primary multi-modal hub at Kisangani and a secondary multi-modal hub at Kindu. 2022-02-07T16:33:49Z 2022-02-07T16:33:49Z 2022-01 Report http://documents.worldbank.org/curated/en/099555001312271497/P1774570ec77d60d80881e026141affd5f9 http://hdl.handle.net/10986/36928 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Kigali Economic & Sector Work Economic & Sector Work :: Economic Updates and Modeling Africa Africa Eastern and Southern (AFE) Rwanda
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ECONOMIC GROWTH ECONOMIC RECOVERY PANDEMIC RESTRICTIONS ECONOMIC OUTLOOK REGIONAL TRADE INTEGRATION CORONAVIRUS COVID-19
spellingShingle	ECONOMIC GROWTH ECONOMIC RECOVERY PANDEMIC RESTRICTIONS ECONOMIC OUTLOOK REGIONAL TRADE INTEGRATION CORONAVIRUS COVID-19 World Bank Rwanda Economic Update, January 2022, Edition No. 18 : Boosting Regional Integration in the Post-COVID Era
geographic_facet	Africa Africa Eastern and Southern (AFE) Rwanda
description	Global economic growth has picked up in 2021 and has now surpassed its pre-pandemic level. The National Bank of Rwanda (NBR) has maintained an accommodative monetary stance and other measures to support the recovery, taking advantage of low inflation. The government’s continued fiscal expansion is also providing support to the economy. Regional integration offers significant benefits for Rwanda, including greater potential for scale economies, opportunities for learning to export and produce higher-quality goods, and cooperation to improve trade facilitation. Regional trade will be enhanced by boosting trade with non- East African Community (EAC) members. The African continental free trade area (AfCFTA) can boost growth and trade integration. The development of Rwanda as a regional logistics hub, serving as an intermediating node between the East and Central Africa regions offers prospects to increase revenues and generate efficiency gains through the concentration of logistics services. The white paper on logistics and distribution services strategy for Rwanda, prepared with the support of the World Bank, laid out a two-phase strategy for the rollout of Rwanda as regional logistic hub. This involved: (i) improving the efficiency of Rwanda’s role as a land-bridge for re-exports to Goma in Democratic Republic of Congo (DRC); and (ii) establishing a regional logistics hub in Rwanda linked to a primary multi-modal hub at Kisangani and a secondary multi-modal hub at Kindu.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Rwanda Economic Update, January 2022, Edition No. 18 : Boosting Regional Integration in the Post-COVID Era
title_short	Rwanda Economic Update, January 2022, Edition No. 18 : Boosting Regional Integration in the Post-COVID Era
title_full	Rwanda Economic Update, January 2022, Edition No. 18 : Boosting Regional Integration in the Post-COVID Era
title_fullStr	Rwanda Economic Update, January 2022, Edition No. 18 : Boosting Regional Integration in the Post-COVID Era
title_full_unstemmed	Rwanda Economic Update, January 2022, Edition No. 18 : Boosting Regional Integration in the Post-COVID Era
title_sort	rwanda economic update, january 2022, edition no. 18 : boosting regional integration in the post-covid era
publisher	World Bank, Kigali
publishDate	2022
url	http://documents.worldbank.org/curated/en/099555001312271497/P1774570ec77d60d80881e026141affd5f9 http://hdl.handle.net/10986/36928
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Rwanda Economic Update, January 2022, Edition No. 18 : Boosting Regional Integration in the Post-COVID Era

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