Publication date: March 2021
Author: Tetra Tech International Development
Description: Prior to the pandemic, Rwanda enjoyed impressive economic growth, exceeding 8 per cent Gross Domestic Product (GDP) growth in 2018 and 2019 that was driven by strong public investment. During the pandemic, Rwanda implemented well-coordinated preventive measures, including lockdowns, and has largely successfully controlled the spread of the virus. Nevertheless, serious economic challenges lie ahead, with significant slowdown of core economic sectors such as services and industry. The government has responded with an economic stimulus package and instructed commercial banks to ease loan repayment conditions.
