Hiroshi Kato, the Japan International Co-operation Agency (JICA) vice-president, says diversifying and embracing knowledge-based services and high value agriculture products could increase Rwanda’s exports to keep the economy stable and competitive.
The World Bank and IMF have downgraded growth outlook for emerging economies. What should Rwanda do to cushion the economy and remain competitive?
The slowdown in global economic growth that is driven by drop in commodity prices will greatly affect economies that rely on such commodities, like minerals.
As for Rwanda, the negative impact should be smaller. The secret lies in its efforts to transform itself into knowledge-based economy, which means the country may not greatly be affected if more resources are utilised for realising this objective.
