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Rwanda Reduces Number of People Living in Poverty by 1 Million

Feb. 7 (Bloomberg) -- Rwanda reduced the number of people living in poverty by more than 1 million over the past five years under a poverty-reduction program, Finance and Economic Planning Minister John Rwangombwa said.

The poverty rate dropped to 45 percent of the East African nation’s 10.7 million people, compared with 57 percent in 2007, Rwangombwa told reporters yesterday in Kigali, the capital.

“We are determined to redouble our efforts so that this great progress continues unabated,” he said.

Rwangombwa will announce later today the second phase of the country’s Economic Development and Poverty Reduction Strategy, which sets targets for the next five years.

To contact the reporter on this story: Saul Butera in Kigali via Nairobi at pmrichardson@bloomberg.net.

To contact the editor responsible for this story: Paul Richardson at pmrichardson@bloomberg.net.

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