Rwanda : Eighth Review Under the Policy Support Instrument and Request for Extension, and Third Review Under the Standby Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Rwanda

Author/Editor:

International Monetary Fund. African Dept.

Publication Date:

January 18, 2018

Electronic Access:

Free Full Text (PDF file size is 1702 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Rwanda’s economy continues to perform well. Growth in 2016 and the first half of 2017 was weaker than projected, but was higher than regional averages and is projected to recover over 2017–19. Inflation is projected to remain below the central bank’s 5 percent medium term target. Rwanda’s adjustment program, based on exchange rate flexibility, public spending restraint, and prudent monetary policy, has served to reverse external imbalances and steadily rebuild international reserve buffers. Program performance is on track, with all continuous and end-June 2017 quantitative assessment/performance criteria met, as well as most indicative targets and structural benchmarks. Building on its successes to date, the government is crafting new medium-term development strategies, with a view to attaining upper middle income status by 2035. It is hoped that Rwanda’s participation in the G-20 “Compact with Africa” initiative can leverage additional private investment to help realize these objectives.

Series:

Country Report No. 18/13

Subject:

English

Publication Date:

January 18, 2018

ISBN/ISSN:

9781484338070/1934-7685

Stock No:

1RWAEA2018001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

64

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