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IMF Sees Rwanda’s Cautious Monetary Policy Keeping Growth at 6%
Kigali, Rwanda, Capital Markets in Africa — GDP expanded 6.9% in 2015, International Monetary Fund says in e-mailed statement. The fund also, advised that more immediate measures needed to deflate external pressures, stem drop in forex reserves.
The Brookings Institute commends Rwanda’s implementation of more cautious monetary policy, postponement of some non-priority public spending to help dampen still-strong demand for imports as well as allowing exchange rate to continue to adjust as necessary will be critical.