Friday, February 14, 2014

Rwanda's Central Bank Governor Says its Economy has Reached a Turning Point

Loans to the private sector have picked up as Rwanda emerges from the effects of delayed aid disbursement, but the country is still too dependent on imports. Entering 2014, Rwanda's Central Bank Governor, John Rwangombwa, is focused on encouraging banks to extend credit to the private sector, expanding financial inclusion and stabilising the economy after donors cut off aid to the government in 2012.

The International Monetary Fund predicts that the economy will grow by 7.5% in 2014 but

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