An African Success Story

The Angry Economist

RwandaRwanda provides an interesting development model

 At the end of April Rwanda issued its first 10-year bond to institutional investors and received overwhelming demand for its first debt offering. Investor demand was so strong Rwanda could have issued debt amounting to half of the country’s 2012 GDP. It is unsurprising that demand was so strong; Rwanda, under the careful oversight of President Kagame, has become a reliable and trusted country and a model for development that other countries would do well to follow.

Since 2003 Rwanda has seen economic growth averaging 8% a year with subdued inflation. However, what makes Rwanda’s growth more extraordinary is that the country has some of the shakiest foundations upon which an economy can flourish and develop. Geographically, the country is landlocked which seriously restricts development opportunities as well as it’s borders to the Democratic Republic of Congo, a black hole of volatility that…

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You've gotta dance like there's nobody watching, Love like you'll never be hurt, Sing like there's nobody listening, And live like it's heaven on earth It is better to be hated for what you are than to be loved for what you are not Life is like riding a bicycle. To keep your balance, you must keep moving,,,,,,,thats all about my imaginations call me at Click to video call me  ooVoo Video Chat
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One Response to An African Success Story

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