Jump to content

Rwanda

From The Austrian Economics Wiki, the global repository of classical-liberal thought
Revision as of 20:17, 2 March 2011 by Wobbles (talk | contribs) (→External links: Renaming External Links as per the Commons discussion)

In 1959, three years before independence from Belgium, the majority ethnic group, the Hutus, overthrew the ruling Tutsi king. Over the next several years, thousands of Tutsis were killed, and some 150,000 driven into exile in neighboring countries. The children of these exiles later formed a rebel group, the Rwandan Patriotic Front (RPF), and began a civil war in 1990. The war, along with several political and economic upheavals, exacerbated ethnic tensions, culminating in April 1994 in the genocide of roughly 800,000 Tutsis and moderate Hutus. The Tutsi rebels defeated the Hutu regime and ended the killing in July 1994, but approximately 2 million Hutu refugees - many fearing Tutsi retribution - fled to neighboring Burundi, Tanzania, Uganda, and Zaire. Since then, most of the refugees have returned to Rwanda, but several thousand remained in the neighboring Democratic Republic of the Congo (DRC; the former Zaire) and formed an extremist insurgency bent on retaking Rwanda, much as the RPF tried in 1990. Rwanda held its first local elections in 1999 and its first post-genocide presidential and legislative elections in 2003. Rwanda in 2009 staged a joint military operation with the Congolese Army in DRC to rout out the Hutu extremist insurgency there and Kigali and Kinshasa restored diplomatic relations. Rwanda also joined the Commonwealth in late 2009.[1]

Economical characteristics

  • Currency: Rwandan franc (ISO code: RWF)
  • Central bank discount rate: 11.25% (31 December 2008)[1]
  • Commercial banks lending rate: NA% (31 December 2009 )[1]
  • Stock of money (M1): $233.6 million (31 December 2005)[1]
  • Quasi money (with M1 makes M2): $227.4 million (31 December 2005)[1]


Statistics

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[2] 1 931 1 735 1 675 1 641 1 777 1 972 2 390 2 835 3 412 4 457
Govt. debt (% of GDP)[3]
Govt. revenue (% of GDP)[4]
Govt. expenses (% of GDP)[5]
Debt to revenue (years)

References

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. ↑ 1.0 1.1 1.2 1.3 1.4 Cite error: Invalid <ref> tag; no text was provided for refs named CIA_RW
  2. ↑ World Bank. "Rwanda: GDP", from World Bank Data. Referenced 2010-10-04.
  3. ↑ World Bank. "Rwanda: government debt", from World Bank Data. Referenced 2010-10-04.
  4. ↑ World Bank. "Rwanda: government revenue", from World Bank Data. Referenced 2010-10-04.
  5. ↑ World Bank. "Rwanda: government expenses", from World Bank Data. Referenced 2010-10-04.

Links

Retrieved from "https://wiki.freecapitalists.org/index.php?title=Rwanda&oldid=4324"