Rwanda expects a 6.6% growth in its economy in 2024, a slight increase from the current year’s 6.2%, as communicated to the International Monetary Fund by the finance minister and central bank governor.
Earlier predictions by Finance Minister Uzziel Ndagijimana in February had estimated a growth rate of around 7.5% for the years 2024 and 2025. Rwanda experienced a robust economic growth of 8.2% in the year 2022, Reuters reported.
Rwanda’s economy had a strong start in 2023, with GDP growing by 9.2% year-on-year in the first quarter.
According to the World Bank, Rwanda, alongside Kenya, and Côte d’Ivoire, are the fastest-growing African economies in 2023, with their strong economic performance attributed to sound macroeconomic policies, investments in infrastructure and human capital, and a diversified economic base.
Source: BI
