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- Create Date December 8, 2023
- Last Updated December 16, 2023
Rwanda’s economy has had a mixed recovery from the global shocks caused by the COVID-19 pandemic in 2020 and the Russia-Ukraine conflict in 2022. The National Bank of Rwanda (BNR) has an explicit inflation target band of 2-8% around the medium-term targeted rate of 5%. The Government of Rwanda has followed an unpredictable fiscal policy that is sometimes prudent and otherwise procyclical. Rwanda’s external sector was not severely affected by the COVID-19 pandemic in 2020 and has not benefited from the higher commodity prices in the aftermath of the Russia-Ukraine conflict in 2022. Rwanda is scheduled to hold its presidential elections in August 2024. Rwanda continues its trajectory of political stability and economic growth under the leadership of President Kagame and the FPR. Read more accurate and balanced analysis of the political economy in Rwanda here: https://politicaleconomy.org.za/2023/12/pesa-editorial-on-rwanda-1h2023-24/.
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