THE IMF has welcomed an increase in anti-poverty spending by Rwandan authorities but urged them to step up efforts to streamline the civil service and privatise public enterprises. International Monetary Fund executive directors, according to a summary of their assessment of the Rwandan economy, noted that growth slipped from 5.9% in 1999 to an estimated 5.2% in 2000 in response to higher energy and transportation costs. But it said the country’s monetary policy in 2001 should enable an expansion in gross domestic product of six percent, with inflation brought down from 5.2 to three percent. Anti-poverty spending this year is expected to rise from 4.1% of GDP in 2000 to 4.9% while military spending will fall from 3.8% of GDP to 3.2%. – AFP
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