The government plans to boost exports and domestic production in a bid to protect the economy from shocks fuelled by a firming dollar, falling export revenues and a ballooning import bill.
The goal is to boost export revenues from the current Rwf594.4 billion ($720 million) to Rwf1,320.9 billion ($1.6 billion) in the next two fiscal years — a level of earnings that could reduce pressure on external reserves.
“Top priorities for increasing exports will be to diversify them, increase value addition and promote ‘Made in Rwanda’ through collaborations with the private sector,” reads the latest Budget Framework Paper. It was presented to lawmakers by Finance and Economic Planning Minister Claver Gatete, who said the target is to grow export revenues to 25 per cent. Read more. Source | Rwanda today