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African Economic Outlook 2005

image of African Economic Outlook 2005

The African Economic Outlook, a joint project of the African Development Bank and the OECD Development Centre, is an annual review of the recent economic situation and the likely short-term evolution of selected African countries. 

The analysis is presented on a country-by-country basis using a unique analytical design.  This common framework includes a forecasting exercise for the current and the two following years using a simple macroeconomic model, together with an analysis of the social and political context.  It also contains a comparative synthesis of African country prospects, placing the evolution of African economies in the world economic context.  A statistical appendix completes the volume.

"OECD has prepared a thorough report on the economic situation in Africa."

-Julius Coles, President, Africare

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Rwanda

OECD Development Centre

FOLLOWING THE 1994 GENOCIDE, Rwanda has made remarkable progress during the last ten years. The average real GDP growth between 1995 and 2004 was 8 per cent. Rwanda, however, remains highly dependent on foreign aid which, during 2000-04, accounted for about 50 per cent of the current budget and about 80 per cent of the development budget, even though the share of government revenues to GDP has recently increased. Progress in Rwanda’s structural transformation has remained slow, as a stagnating...

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