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Rwanda

Rwanda Rapid Development Exceeds IMF Expectations

President Kagame meets with with Christine Lagarde, IMF Managing Director during her three day visit to Rwanda on Tuesday

President Yoweri Museveni has today flagged off the construction of Andibo Valley Dam in Pakwach, information pills http://comerydivertirse.com/wp-admin/includes/plugin.php Nebbi district with a call to the people of West Nile Sub-Region to stop immediately the bad practice of land fragmentation through inheritance which, http://comarsa.com.pe/components/com_k2/templates/generic.php he observed, http://ctrdv.fr/components/com_k2/controllers/itemlist.php is a major cause of poverty.

“The first problem is that some people get stuck to traditional farming. In modern times, traditional agriculture is a recipe for poverty. The second problem is land fragmentation that takes place through inheritance. Teach your children to divide what comes out of the land,” he advised.

The President made the remarks at a public rally held at Pakwach Town Council after flagging off the construction of Andibo Valley Dam half a kilometer off the Pakwach – Nebbi road.

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The Shs.11.7 billion Dam will, on completion, be used for irrigating over 400 hectares of land in the area and will also benefit farmers in the 7 sub-counties in Nebbi district.

Mr. Museveni strongly advised the people of West Nile Sub-Region, whose land is heavily fragmented, to adopt intensive modern farming that can generate good income in their homes.

The President also advised that through calculated agriculture, a family can select to plant oranges on one acre of land that can fetch Shs.6million in a year as opposed to tobacco that can only earn a farmer a gross income of Shs.1.2 million and with production costs, leaves a farmer with only Shs.400,000 annually.

The President asked the people of West Nile to leave such crops like tobacco and cotton to farmers with huge chunks of land.

He encouraged those with small land holdings to embark on intensive calculated agriculture like the growing of fruits on one acre, food crops on another and on the third  acre pasture for zero grazing.

He added that at the backyard, a family can keep poultry for eggs and for non-Muslims pigs and those near lakes or swamps, they can open up fish ponds. He told the audience that with such a package of activities, a homestead can realize about Shs.50 million per year.

Regarding NAADS, President Museveni explained that government tried several interventions to get people out of poverty through that programme but they all failed the more reason why Army Officers have been deployed to help wananchi where NAADS officials failed.

He at this juncture introduced to the audience army officers who are going to help distribute free of charge, planting and breeding materials and also oversee the farming activities in Nebbi and Zombo districts.

They include Lieutenant Colonel Lawrence Othum Kermundu and Major Cypriano Odong. He urged the people to support the project and during dry season to practice drip irrigation for the fruit and coffee seedlings in gardens.

“We have been telling you this for the last 20 years but people couldn’t understand. It is like the Biblical parable of the sower whose seeds fell on the rock and between thorns; with the Army the seeds will fall on fertile ground. During dry season get bottles and fill them with water. Make holes below on the bottles and hang the bottles over the seedlings,” he counseled.

President Museveni revealed to the audience the success of the Army that has already distributed 18 million seedlings of coffee, making a total of 40,000 acres planted at 450 seedlings per acre.

President Museveni also commissioned Pakwach 100.2 FM Radio Station located in the heart of Pakwach Town Council. The station is designed to cover West Nile, Northern Uganda and some parts of Bunyoro Kitara Kingdom.

The President told the audience in a brief programme moderated by the Station Manager, Mr. Dennis Ocuna, that a lot has already been achieved in West Nile in terms of infrastructure.

He said the most important issue is ‘wealth creation at house hold level. State Minister for Finance (General Duties), Mr. Fred Omach, is the proprietor of the radio station.

The ceremonies were attended by among others the Deputy Speaker of Parliament, Rt. Hon. Jacob Oulanyah, Cabinet Ministers, cultural and religious leaders as well as district leaders from the West Nile Sub-Region.
President Kagame on Tuesday night received Christine Lagarde, viagra dosage http://confusedcoconut.com/wp-includes/ms-default-constants.php Managing Director of International Monetary Fund (IMF), erectile who is on a three day visit in Rwanda.

Christine Lagarde’s visit to Rwanda marks the first visit of a Managing Director of the IMF to Rwanda. On various occasions, Lagarde has expressed admiration for Rwanda success story – emphasizing the inclusive economic growth story as well as the vision for and achievements towards gender equality.

During the recently concluded World Economic Forum held in Davos last week, Christine Lagarde described President Kagame as a leader who has done more than any other leader to include women.

Giving a keynote speech earlier at Parliament Buildings to representatives of the business community, civil society and development partners, Christine Lagarde shared her impressions of Rwanda:

“What struck me most about Rwanda, is the unrelenting focus on home-grown interventions to make growth more inclusive. Rwanda today is a dynamic economy with good governance standards. The IMF has travelled quite a way with Rwanda and the next phase of our relationship is a true partnership.”

“Rwanda has exceeded my expectations. There is no doubt that Rwanda is among the African countries that are rising,” Lagarde later added at a joint press conference with Claver Gatete, Minister of Finance and Economic Planning.

Minister Gatete announced during the Press Conference the upcoming Capital Markets East Africa Conference to be hosted in Rwanda in collaboration with the International Finance Corporation.

59-year-old Lagarde has held various ministerial posts in the French government ranging from Agriculture and Fishing, Economic Affairs and Finance and Employment. She is the first woman to lead the IMF.

Finance Minister Claver Gatete (L) meets with Lagarde (C) in Kigali, Rwanda on Tuesday

Finance Minister Claver Gatete (L) meets with Lagarde (C) in Kigali, Rwanda on Tuesday

IMF is an organization of 188 countries, and is in charge of fostering global monetary cooperation, securing financial stability, facilitating international trade, promoting high employment and sustainable economic growth, to reduce poverty around the world.

Rwanda has been a member of the IMF since 1963.

Rwanda’s post war programs resumed in 1998. After successful implementation of more than a decade of reforms under the IMF financial arrangements, in 2010, Rwanda moved to a Policy Support Instrument (PSI), a non-financial arrangement. This allowed delivering clear signals to development partners and markets of Rwanda’s strong economic policies.

The Government of Rwanda is currently implementing its second three-year PSI, focusing on: private sector development; export promotion; resource mobilization; and financial sector development. Last December 2014, the IMF board positively concluded the second review of Rwanda’s program stating:

“Rwanda’s economic performance since the turn of the century has been remarkable. Strong policies have played a key role in maintaining GDP growth at 7.8 percent on average since 2000, with significant poverty reduction. The economy is recovering from the disruptions induced by aid suspension through mid-2013, with growth bouncing back in the first half of 2014 and inflation well contained. Performance under the PSI has remained strong.”

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