IMF sees Rwanda inflation at 3.2 percent at end-2014

 

Rwanda's inflation rate is expected to stand at 3.2 percent at the end of this year, the International Monetary Fund said on Monday, urging the government to reduce the costs of energy and transport to facilitate growth.

General inflation, both rural and urban, stood at 3.3 percent in August, official data showed.

Paulo Drummond, the deputy division chief in the African Department of the IMF, said the economy was expected to expand by 6 percent this year, in line with the government's forecast.


He said costs of electricity, labour, transport and finance were holding back businesses while access to finance was also a problem.

Business people agreed with the IMF's assessment on the cost of doing business in the country.