A strong, diversified financial sector can help the government gradually transition from aid, finance its development and benefit a larger group of Rwandans, according to a new report from the World Bank Group.
The eighth edition of the Rwanda Economic Update, Financing Development: The Role of a Deeper and More Diversified Financial Sector, explores options for how the financial sector can develop an efficient, sound, and inclusive financial sector to help the government achieve its development vision and the benefits from a well-managed, broad-based financial sector can benefit more Rwandans.
“Despite recent international and domestic economic developments in Rwanda the Bank’s growth projection is optimistic at 7.4 percent in 2015 and 7.6 percent in 2016,” says Yoichiro Ishihara, World Bank senior economist. “Developing a stable, sound and efficient financial sector will contribute to the government’s goal to transform the country into a middle-income country by 2020.” Read more. Source | World Bank