World Bank Lowers Rwanda Economic Growth Forecast After Aid Cuts

The World Bank reduced its forecast for gross domestic product growth for Rwanda as the economy struggles to recover from the temporary suspension of aid flows.

Expansion in the coffee-producing nation will probably reach 7.2 percent, the Washington-based lender said in a statement, lower than the 7.5 percent forecast in the World Bank’s twice-yearly Global Economic Prospects report this month. The bank lowered its estimate for last year’s growth rate to 6.6 percent from 7 percent, according to the statement.