Promising Economic Growth

On Wednesday the IMF (International Monetary Fund) stated that the EAC (East African Community) were among the fastest growing economies in Sub-Saharan Africa and more broadly the develoiping world.  Even with these growths the region still lags behind the successful economies in terms of export growth and savings mobilization. 

In the top twenty fastest growing countries from 2005 to 2009, Urganda ranks sixth, Rwanda ranks ninth, and Tanzania ranks sixteenth.  The region's population growth has constrained the poverty reduction.  The recent growth path, however, will not be enough to achieve middle-income status and substantial poverty reduction by the end of the decade. 

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