The Rwanda’s Minister of Finance and Economic Planning John Rwangombwa has said that Rwanda will attain 8.8% economy growth this year.
The Minister was presenting the country’s economic status in the RPF general assembly meeting held today presided over by the party chairman and the president of the republic of Rwanda Paul Kagame.
“Even though there is economic instability in the whole world, Rwanda’s economy remains stable and even her currency has not depreciated,” Rwangombwa said.
Minister Rwangombwa said the stability of Rwanda’s economy was due to the increase of Agricultural production.
He also said that Rwanda’s economy has also sustained low inflation by 7.5% as compared to other countries in the region where it has almost doubled.
Rwangombwa added that consequences of financial crisis in the developed countries affect developing countries due to the debts they have that make their population not unable to purchase goods from developing countries like Coffee and Tea among others.
According to the Minister the economy of the Sub-Saharan Africa increased by 5.5% in 2010 while world economy increased 4 percent.
In his speech, the party chairman Paul Kagame hailed party members, for having taken a front role in the development of the country.
Kagame also said that it was a time to assess what has not been achieved yet re-emphasizing his speech he gave his cabinet when the new prime minister was swearing in that Rwanda is the most scrutinized nation in the whole world.
President encouraged the party members however that being scrutinized by the world should not discourage them but else make them to work harder and achieve more than what have been achieved.
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