IMF says Rwanda economy to expand by 6 pct this year - CNBC Africa

IMF says Rwanda economy to expand by 6 pct this year

East Africa

by Reuters 0

IMF says Rwanda economy to expand by 6 pct this year

Growth in the east African nation slipped from 7.3 percent in 2012 after donors cut aid over Rwanda's alleged involvement in a conflict in the neighbouring Democratic Republic of the Congo.

"Downside risks to the outlook centre around delays in government financed projects and a weak second season for agriculture," the IMF said in a statement issued late on Friday.

The Washington-based fund said inflationary pressures had been subdued and urged the government to steer policy carefully to avoid fiscal imbalances in the future.

"The need to support growth and preserve the level of foreign reserves requires a cautious fiscal stance through maintaining priority spending," the IMF said.

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