In his latest nugatory post, the barefaced CMI funded RNC propagandist David Himbara is acutely aware that Rwanda sustainable economic growth has led to one million people being lifted out of poverty (between 2000 and 2017) while life expectancy has risen from 29 years in 1994 to 67 years in 2016 and Inflation falling from 101% in 1995 to 1.1% in 2018 and collected domestic taxes increasing 20 times, but he rushed to mislead the public about the latest IMF review on Rwanda’s program supported by their Policy Consultation Instrument (PCI).
For what it’s worth, the IMF review indicates that the measures adopted by the Rwandan government in response to the pandemic were generally well-designed, and appropriately aimed at providing support to households and businesses, boosting healthcare spending, and providing sufficient liquidity to the banking system and relief to borrowers.
Of course, that came as a shock for the gibbering maniac Himbara who expected a bad review on Rwanda however that didn’t stop him to spout his usual prophecy of doom on the Rwandan private sector.
Fortunately, Rwanda has been doing good in the private sector, as of 2019, Rwanda depended on aid for only about 14 percent of its budget. On average, the private sector was creating about 38,000 jobs per year prior to the pandemic, many of which were targeted towards young people.
Let’s not forget, as recently as 2018, Rwanda closed its investment books with $2 billion worth of investments. In 2010, it was about $318 million, which shows how its private sector undoubtedly performed well prior to the pandemic.
For obvious reasons, Himbara deliberately ignored the fact again because he only cares for the self-indulgent twaddle that he sells to despot Museveni to reduce his stress levels amidst the downfall of his regime.