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Rwanda Economic Update, June 2015: Financing Development

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dc.contributor.authorWorld Bank Group
dc.date.accessioned2015-07-31T16:51:20Z
dc.date.available2015-07-31T16:51:20Z
dc.date.issued2015-06
dc.description.abstractGrowth recovery in 2014 is certainly good news. This time last year, we estimated the 2014 growth rate at 5.7 percent. Against all odds, the economy grew by 7 percent. However,growth outlook is not entirely bright. While the oil price decline has brought a positive impact oninflation and trade, recent economic indicators show some weaknesses. Also, global risks (e.g.,an increase in US interest rate, slowdown of Chinese and Euro economies, and an appreciationof the US dollar) are emerging. In the medium to long-term, Rwanda’s economic resiliencewill not be achieved without keeping high investment rates. However, the current investmentmodel (high public investment funded by aid) is not likely to be sustainable; given capacityconstraints to maintain high public investment and possible decline in aid relative to GDP inthe medium-term. Finding alternative sources of development financing is a key determinantof future growth. Development of the financial sector is critical to mobilize both domestic andforeign saving for financing development. This is the message of the Eighth Edition of theRwanda Economic Update (REU).en
dc.identifierhttp://documents.worldbank.org/curated/en/2015/07/24743923/financing-development-role-deeper-more-diversified-financial-sector
dc.identifier.doi10.1596/22364
dc.identifier.urihttps://hdl.handle.net/10986/22364
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesRwanda economic update,edition no. 8;
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectECONOMIC RESILIENCE
dc.subjectFINANCING DEVELOPMENT
dc.subjectGLOBAL ECONOMIC RISKS
dc.subjectHIGH INVESTMENT RATES
dc.subjectINFLATION
dc.subjectOIL PRICE DECLINE
dc.subjectTRADE
dc.titleRwanda Economic Update, June 2015en
dc.title.subtitleFinancing Developmenten
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.date.disclosure2015-07-14
okr.date.doiregistration2025-05-07T10:06:08.771791Z
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.docurlhttp://documents.worldbank.org/curated/en/2015/07/24743923/financing-development-role-deeper-more-diversified-financial-sector
okr.globalpracticeMacroeconomics and Fiscal Management
okr.guid885151468001475764
okr.identifier.externaldocumentum090224b082fca791_1_0
okr.identifier.internaldocumentum24743923
okr.identifier.report97842
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2015/07/02/090224b082fca791/1_0/Rendered/PDF/Financing0deve0ied0financial0sector.pdfen
okr.region.administrativeAfrica
okr.region.countryRwanda
okr.sectorPublic Administration, Law, and Justice :: General public administration sector
okr.themeEconomic management :: Macroeconomic management
okr.themeEconomic management :: Other economic management
okr.themeFinancial and private sector development :: Infrastructure services for private sector development
okr.themeSocial protection and risk management :: Poverty strategy, analysis and monitoring
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Financial Literacy
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicMacroeconomics and Economic Growth
okr.topicFinance and Financial Sector Development::Finance and Development
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Economic Modeling and Statistics
okr.unitGMF Africa 2 (GMF07)
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