Unless Rwanda grows domestic revenue and stops dependence on lenders and donors, it will not meet its ambition to transform into a middle income economy by 2035, the International Monetary Fund (IMF) has warned.
Data by the Rwanda Revenue Authority (RRA) shows the country — listed among the fastest growing economies in the world — managed to finance 66 per cent of its $2.3 billion national budget from domestic revenues. Lenders and donors financed the deficit.
