Rwanda Economic Update, No. 7 : Managing Uncertainty for Growth and Poverty Reduction

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collection.link.85
https://openknowledge.worldbank.org/handle/10986/2193
collection.name.85
Economic Updates and Modeling
dc.contributor.author
World Bank Group
dc.date.accessioned
2015-03-09T20:24:14Z
dc.date.available
2015-03-09T20:24:14Z
dc.date.issued
2015-02
dc.date.lastModified
2021-04-23T14:04:03Z
dc.description.abstract
The Rwanda Economic Update reports on and synthesizes recent economic developments and places them in a medium-term and global context. It analyzes the implications of these developments and policies for the outlook for Rwanda s economy. Rwanda s economic growth recovered in the first three quarters of 2014. The economy grew 7.1 percent. Faster GDP growth reflected higher growth of the services sector, at 9.1 percent, up from 5.4 percent in 2013, when the economy suffered from the lagged impact of the 2012 aid shortfall. The first section on macroeconomic issues of this edition of the Rwanda Economic Update examines two key questions: What led to the growth recovery in the first three quarters of 2014, and what are growth prospects for 2014, 2015, and 2016? The growth recovery mainly reflected increased government expenditure, which boosted domestic demand such as private consumption and investment. The expansion of domestic demand was partially offset by lower external demand for Rwanda s traditional commodities. Higher government expenditure contributed to growth recovery in the services sector through government consumption of private services. Inflation declined throughout 2014, reflecting lower growth in import prices. The recent decline in oil prices is expected to contribute not only to lower inflation but also to more stable exchange rate, an improved balance of payments, and smaller electricity subsidies. The special focus section of this report identifies and quantifies risks in the agriculture sector, with targeted interventions that complement the lessons learned under PSTA 2/CAADP 1 to more effectively manage these risks and to achieve further growth in the agriculture sector.
en
dc.identifier.uri
http://hdl.handle.net/10986/21562
dc.language.iso
en_US
dc.publisher
Kigali, Rwanda
dc.rights
CC BY 3.0 IGO
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
accounting
dc.subject
agricultural practices
dc.subject
Agriculture
dc.subject
arrears
dc.subject
auction
dc.subject
balance of payments
dc.subject
bank assets
dc.subject
Bank Deposit
dc.subject
banking sector
dc.subject
base year
dc.subject
basket composition
dc.subject
basket of goods
dc.subject
bids
dc.subject
bilateral exchange rate
dc.subject
bilateral exchange rates
dc.subject
bond
dc.subject
bond issuance
dc.subject
bonds
dc.subject
Budget execution
dc.subject
budget implications
dc.subject
budgetary support
dc.subject
budgeting
dc.subject
capacity constraints
dc.subject
capital adequacy
dc.subject
Capital Expenditure
dc.subject
capital goods
dc.subject
capital grants
dc.subject
capital market
dc.subject
capital market development
dc.subject
commercial banks
dc.subject
commodity prices
dc.subject
competitiveness
dc.subject
consolidation
dc.subject
Constant value
dc.subject
consumer basket
dc.subject
Consumer goods
dc.subject
Consumer Price Index
dc.subject
consumption basket
dc.subject
consumption growth
dc.subject
core inflation
dc.subject
coupon
dc.subject
coupon rate
dc.subject
credit growth
dc.subject
debt
dc.subject
decentralization
dc.subject
Deficits
dc.subject
Deflation
dc.subject
deposit
dc.subject
depreciation
dc.subject
development strategy
dc.subject
disbursement
dc.subject
Diversification of exports
dc.subject
domestic borrowing
dc.subject
domestic currency
dc.subject
domestic demand
dc.subject
domestic price
dc.subject
domestic price level
dc.subject
durable
dc.subject
durable goods
dc.subject
Economic Development
dc.subject
Economic Developments
dc.subject
economic growth
dc.subject
Economic Outlook
dc.subject
economic slowdown
dc.subject
Effective Exchange Rate
dc.subject
equipment
dc.subject
Exchange Rate
dc.subject
exchange rate flexibility
dc.subject
Exchange rate policies
dc.subject
Exchange Rate Policy
dc.subject
exchange rate regime
dc.subject
Exchange rate volatility
dc.subject
exchange rates
dc.subject
Expenditure
dc.subject
expenditures
dc.subject
export capacity
dc.subject
export commodities
dc.subject
export competitiveness
dc.subject
export growth
dc.subject
export performance
dc.subject
external demand
dc.subject
external trade
dc.subject
feasibility studies
dc.subject
finances
dc.subject
financial crisis
dc.subject
financial management
dc.subject
financial market
dc.subject
Financial Sector
dc.subject
Financial Sector Development
dc.subject
fiscal deficit
dc.subject
fiscal policy
dc.subject
fixed capital
dc.subject
food price
dc.subject
food prices
dc.subject
foreign currency
dc.subject
Foreign direct investment
dc.subject
foreign exchange
dc.subject
foreign exchange markets
dc.subject
Foreign financing
dc.subject
GDP
dc.subject
Gini coefficient
dc.subject
global demand
dc.subject
government consumption
dc.subject
Government expenditure
dc.subject
government investment
dc.subject
government spending
dc.subject
Gross Domestic Product
dc.subject
gross fixed capital formation
dc.subject
Gross value
dc.subject
growth projections
dc.subject
growth rate
dc.subject
growth rates
dc.subject
Import
dc.subject
import demand
dc.subject
Import growth
dc.subject
import prices
dc.subject
imports
dc.subject
Inflation
dc.subject
Inflation measures
dc.subject
inflation objectives
dc.subject
inflation rate
dc.subject
Inflation rates
dc.subject
inflationary pressure
dc.subject
information system
dc.subject
information technology
dc.subject
instrument
dc.subject
insurance
dc.subject
Interest payments
dc.subject
Interest Rates
dc.subject
International Development
dc.subject
international price
dc.subject
international prices
dc.subject
international reserves
dc.subject
international trade
dc.subject
Investment Policy
dc.subject
investment projects
dc.subject
issuances
dc.subject
land holdings
dc.subject
leading indicators
dc.subject
liquidity
dc.subject
liquidity management
dc.subject
loan
dc.subject
local government
dc.subject
low-income countries
dc.subject
macroeconomic performance
dc.subject
Macroeconomic stability
dc.subject
Macroeconomics
dc.subject
market information
dc.subject
market participants
dc.subject
maturity
dc.subject
Mineral prices
dc.subject
Monetary Fund
dc.subject
monetary policy
dc.subject
monetary policy transmission mechanism
dc.subject
Monetary Sector
dc.subject
National Bank
dc.subject
National Investment
dc.subject
Net exports
dc.subject
nominal depreciation
dc.subject
nominal exchange rate
dc.subject
nonperforming loans
dc.subject
Oil Price
dc.subject
oil prices
dc.subject
other currencies
dc.subject
outturn
dc.subject
Poverty Reduction
dc.subject
Price fluctuations
dc.subject
price indexes
dc.subject
price inflation
dc.subject
price of oil
dc.subject
price volatility
dc.subject
private consumption
dc.subject
private investment
dc.subject
private sector
dc.subject
productivity
dc.subject
public expenditure
dc.subject
public investment
dc.subject
Real Effective Exchange Rate
dc.subject
real effective exchange rates
dc.subject
real exchange rate
dc.subject
real GDP
dc.subject
Recurrent expenditure
dc.subject
relative price
dc.subject
relative weights
dc.subject
reserves
dc.subject
Risk Management
dc.subject
Risk transfer
dc.subject
shortfall
dc.subject
shortfalls
dc.subject
slow growth
dc.subject
stable exchange rate
dc.subject
stable growth
dc.subject
standard deviation
dc.subject
Structural reforms
dc.subject
supply side
dc.subject
T-bill
dc.subject
T-bill rate
dc.subject
Tax
dc.subject
Tax revenue
dc.subject
Tax revenues
dc.subject
Total export
dc.subject
total exports
dc.subject
total investment
dc.subject
total output
dc.subject
Total revenue
dc.subject
trade balance
dc.subject
trade deficit
dc.subject
Trade Deficits
dc.subject
Trade Statistics
dc.subject
trading
dc.subject
trading partner
dc.subject
trading partners
dc.subject
Treasury
dc.subject
Treasury bills
dc.subject
Treasury-bill rate
dc.subject
turnover
dc.subject
Uncertainty
dc.subject
underdeveloped financial market
dc.subject
value added
dc.subject
Wages
dc.subject
weights
dc.title
Rwanda Economic Update, No. 7 : Managing Uncertainty for Growth and Poverty Reduction
en
okr.date.disclosure
2015-02-23
okr.doctype
Economic & Sector Work
okr.doctype
Economic & Sector Work :: Economic Updates and Modeling
okr.globalpractice
Governance
okr.globalpractice
Macroeconomics and Fiscal Management
okr.googlescholar.linkpresent
yes
okr.identifier.report
94478
okr.language.supported
en
okr.region.administrative
Africa
okr.region.country
Rwanda
okr.theme
Economic management :: Macroeconomic management
okr.theme
Economic management :: Other economic management
okr.theme
Financial and private sector development :: Infrastructure services for private sector development
okr.theme
Social protection and risk management :: Poverty strategy, analysis and monitoring
okr.topic
Agriculture :: Commodity Risk Management
okr.topic
Finance and Financial Sector Development
okr.topic
Macroeconomics and Economic Growth :: Economic Forecasting
okr.topic
Macroeconomics and Economic Growth :: Economic Growth
okr.topic
Macroeconomics and Economic Growth :: Regional Economic Development
okr.topic
Public Sector Development
okr.unit
Macro & Fiscal Mgmt - GP (GMFDR)

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