Executive Board
Calendar
Board Discussions
on Rwanda:

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January 12, 2009
June 16, 2008
February 29, 2008
June 25, 2007
January 29, 2007

Projected % Change
   2009  2010
Real GDP 5.3 5.2
Consumer Prices 11.5 6.3
Source: World Economic Outlook (October 2009)
Please refer to more recent PIN/Staff reports on this country for possible revisions.

Rwanda: Financial Position in the Fund

Participant in the
General Data Dissemination System

Transactions with the Fund


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Rwanda and the IMF
Updated August 20, 2009

The last Article IV Executive Board Consultation was on January 12, 2009. Listed below are items related to Rwanda, in reverse chronological order (you can also view items by category).

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August 20, 2009 -- Rwanda: Sixth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waivers of Nonobservance of Performance Criteria - Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Rwanda
Series: Country Report No. 09/264
July 31, 2009 -- Press Release: IMF Executive Board Completes the Sixth Review of Rwanda’s PRGF Arrangement and Approves US$1.8 Million Disbursement
July 23, 2009 -- Rwanda -- Letter of Intent and Memorandum of Economic and Financial Policies, July 23, 2009
PDF File Size: 557Kb
June 04, 2009 -- Press Release: IMF Executive Board Approves Extension of PRGF Arrangement for Rwanda
June 02, 2009 -- Press Release: Statement by IMF Staff Mission to Rwanda
February 23, 2009 -- Evaluation of Technical Assistance to Post-Conflict Countries-Mozambique and Rwanda
Subject: Technical assistance | Mozambique | Rwanda | Political economy | Statistics Department | African Regional Technical Assistance Center | General Data Dissemination System | Reports on the Observance of Standards and Codes | Cross country analysis | Statistical annexes | Missions
February 18, 2009 -- Rwanda: 2008 Article IV Consultation, Fifth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Request for Waiver of Nonobservance of Performance Criterion - Staff Report; Staff Supplement and Statement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Rwanda
Series: Country Report No. 09/58
February 06, 2009 -- Public Information Notice: IMF Executive Board Concludes 2008 Article IV Consultation with Rwanda
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
February 03, 2009 -- Uganda and Rwanda: Selected Issues
Series: Country Report No. 09/36
January 12, 2009 -- Press Release: IMF Executive Board Completes Fifth Review under PRGF with Rwanda and Approves US$1.7 Million Disbursement
December 18, 2008 -- Rwanda -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, December 18, 2008
PDF File Size: 505Kb
November 05, 2008 -- Press Release: Statement by an IMF Mission to Rwanda
July 09, 2008 -- Rwanda: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Nonobservance of Performance Criterion and Modification of Performance Criteria - Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Rwanda
Series: Country Report No. 08/222
June 16, 2008 -- Press Release: IMF Executive Board Completes Fourth Review under PRGF Arrangement for Rwanda and Approves US$1.8 Million Disbursement
May 29, 2008 -- Rwanda -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, May 29, 2008
PDF File Size: 295Kb
April 12, 2008 -- IMFC Statement by His Excellency Paul Toungui, Minister of State, Minister of Economy, Finance, Budget, and Privatization, Gabon
On behalf of: Benin, Burkina Faso, Central African Republic, Côte d'Ivoire, Cameroon, Democratic Republic of the Congo, Republic of Congo, Union of the Comoros, Cape Verde, Djibouti, Gabon, Guinea, Guinea-Bissau, Republic of Equatorial Guinea, Republic of Madagascar, Mali, Islamic Republic of Mauritania, Mauritius, Niger, Rwanda, Senegal, Democratic Republic of São Tomé and Príncipe, Chad, Togo. PDF File Size: 181Kb
March 18, 2008 -- Press Release: Statement by an IMF Staff Mission at the Conclusion of a Visit to Rwanda
March 10, 2008 -- Rwanda: Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Nonobservance of Performance Criterion-Staff Report; Staff Supplement; Press Release
Series: Country Report No. 08/89
March 06, 2008 -- Rwanda: Poverty Reduction Strategy Paper
Series: Country Report No. 08/90
March 06, 2008 -- Rwanda: Poverty Reduction Strategy Paper-Joint Staff Advisory Note
Series: Country Report No. 08/91
February 29, 2008 -- Press Release: IMF Executive Board Completes Third Review Under PRGF Arrangement with Rwanda and Approves US$1.8 Million Disbursement
February 12, 2008 -- Rwanda -- Letter of Intent, Memorandum of Economic and Financial Policies, Technical Memorandum of Understnading, February 12, 2008
PDF File Size: 343Kb
October 05, 2007 -- Comments on CGD Report on IMF Programs and Health Spending by Abdoulaye Bio-Tchané, Director, African Department, IMF
August 02, 2007 -- Transcript of a Conference Call with Civil Society Organizations on IMF Papers on Aid Flows to Low-Income Countries with Mark Plant, Deputy Director of the Policy Development and Review Department; Sanjeev Gupta, Senior Advisor in the Fiscal Affairs Department; and Benedicte Christensen, Deputy Director of the African Department, IMF
July 09, 2007 -- Rwanda - Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Request for Waiver of Nonobservance of Performance Criterion, and Modification of Performance Criteria - Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Rwanda
Series: Country Report No. 07/233
June 29, 2007 -- IMF comments on Does the IMF Constrain Health Spending in Poor Countries
June 25, 2007 -- Press Release: IMF Executive Board Completes Second Review Under the PRGF Arrangement with Rwanda and Approves US$1.7 Million Disbursement
June 07, 2007 -- Rwanda -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, June 07, 2007
PDF File Size: 265Kb
May 04, 2007 -- Press Release: Statement by IMF Deputy Managing Director Murilo Portugal at the Conclusion of a Visit to Rwanda
April 24, 2007 -- Press Release: IMF Deputy Managing Director Murilo Portugal to Visit Tanzania, Burundi, and Rwanda
February 23, 2007 -- Rwanda: 2006 Article IV Consultation, First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Request for Waiver of Nonobservance of Performance Criteria - Staff Report; Staff Statement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Rwanda
Series: Country Report No. 07/80
February 09, 2007 -- Public Information Notice: IMF Executive Board Concludes 2006 Article IV Consultation with Rwanda
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
January 29, 2007 -- Press Release: IMF Executive Board Completes First Review of Rwanda's Three-Year Arrangement Under the Poverty Reduction and Growth Facility
January 10, 2007 -- Rwanda -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, January 10, 2007
PDF File Size: 493Kb
November 17, 2006 -- Rwanda - Assessment Letter for Donors
Subject: Rwanda
November 03, 2006 -- Press Release: Statement by the IMF Staff Mission to Rwanda
July 10, 2006 -- Rwanda: Poverty Reduction Strategy Paper Annual Progress Report - Joint Staff Advisory Note
Series: Country Report No. 06/246
July 05, 2006 -- Rwanda: Sixth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF), Requests for Waivers of Nonobservance of Performance Criteria, and Request for a New Three-Year Arrangement Under the PRGF - Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Rwanda
Series: Country Report No. 06/245
June 08, 2006 -- Press Release: IMF Executive Board Completes the Sixth Review of Rwanda's PRGF Arrangement and Approves a New Three-Year PRGF Arrangement
May 18, 2006 -- Rwanda -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, May 18, 2006
PDF File Size: 359Kb
February 24, 2006 -- Selected African Countries: IMF Technical Assistance Evaluation - Public Expenditure Management Reform
Series: Country Report No. 06/67
February 17, 2006 -- Rwanda: Poverty Reduction Strategy Paper - Annual Progress Report
Series: Country Report No. 06/61
December 23, 2005 -- Press Release: IMF to Extend 100 Percent Debt Relief to Rwanda Under the Multilateral Debt Relief Initiative
December 22, 2005 -- Rwanda -- Letter of Intent, December 22, 2005
PDF File Size: 143Kb
December 21, 2005 -- Press Release: IMF to Extend 100 Percent Debt Relief for 19 Countries Under the Multilateral Debt Relief Initiative
September 13, 2005 -- Rwanda: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency, Banking Supervision, and the FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism
Series: Country Report No. 05/309
September 13, 2005 -- Rwanda: Fifth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Nonobservance of Performance Criteria - Staff Report; Staff Supplement; and Press Release on the Executive Board Consideration
Series: Country Report No. 05/333
September 08, 2005 -- Press Release: IMF Executive Board Completes the Fifth Review of Rwanda's PRGF Arrangement and Approves US$800,000 Disbursement
September 01, 2005 -- How Useful Is Monetary Econometrics in Low-Income Countries? The Case of Money Demand and the Multipliers in Rwanda
Author/Editor: Hauner, David | Di Bella, Gabriel | International Monetary Fund. African Dept.
Series: Working Paper No. 05/178
June 06, 2005 -- Rwanda: Enhanced Initiative for Heavily Indebted Poor Countries-Completion Point Document
Series: Country Report No. 05/173
June 06, 2005 -- Rwanda: Joint Staff Advisory Note of the Poverty Reduction Strategy Paper Annual Progress Report
Series: Country Report No. 05/174
May 27, 2005 -- Rwanda: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Requests for Waiver of Nonobservance of Performance Criteria and for Extension of the Arrangement--Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Rwanda
Series: Country Report No. 05/171
April 13, 2005 -- Press Release: International Monetary Fund and World Bank Support US$1.4 billion in Debt Service Relief for Rwanda
April 13, 2005 -- Press Release: IMF Executive Board Completes the Fourth Review of Rwanda's PRGF Arrangement and Addresses Misreporting of Information
April 04, 2005 -- Rwanda: Poverty Reduction Strategy Paper Annual Progress Report
Series: Country Report No. 05/127
March 25, 2005 -- Rwanda -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, March 25, 2005
PDF File Size: 397Kb
December 03, 2004 -- Rwanda: 2004 Article IV Consultation--Staff Report; Staff ; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Rwanda
Series: Country Report No. 04/382
December 03, 2004 -- Rwanda: Selected Issues and Statistical Appendix
Series: Country Report No. 04/383
November 16, 2004 -- Public Information Notice: IMF Concludes Article IV Consultation with Rwanda
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
August 23, 2004 -- Rwanda: Poverty Reduction Strategy Paper Progress Report
Series: Country Report No. 04/273
August 23, 2004 -- Rwanda: Joint Staff Assessment of the Poverty Reduction Strategy Paper Progress Report
Series: Country Report No. 04/274
August 20, 2004 -- Rwanda: Second and Third Reviews Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Request for Waiver of Performance Criteria, and Request for Additional Interim Assistance Under the Enhanced HIPC Initiative-Staff Report; Staff Statements; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Rwanda
Series: Country Report No. 04/270
July 01, 2004 -- Choosing a Budget Management System: The Case of Rwanda
Author/Editor: Lienert, Ian
Series: Working Paper No. 04/132
June 10, 2004 -- Press Release: IMF Completes Second and Third Reviews Under Rwanda's PRGF Arrangement, Approves US$1.68 Million Disbursement, and Grants Additional Interim Assistance of US$6.6 Million Under the Enhanced HIPC Initiative
May 20, 2004 -- Rwanda -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, May 20, 2004
This Letter of Intent of the government of Rwanda describes the policies that Rwanda intends to implement in the context of its request for financial support from the IMF.
November 03, 2003 -- Press Release: Rwanda Formally Begins Participation in the IMF's General Data Dissemination System
July 25, 2003 -- Rwanda: Report on the Observance of Standards and Codes--Fiscal Transparency Module
Series: Country Report No. 03/223
June 27, 2003 -- Rwanda: First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria--Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Rwanda
Series: Country Report No. 03/192
June 16, 2003 -- Press Release: IMF Completes Review Under Rwanda's PRGF Arrangement and Approves US$810,000 Disbursement
May 29, 2003 -- Rwanda -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, May 29, 2003
This Letter of Intent of the government of Rwanda describes the policies that Rwanda intends to implement in the context of its request for financial support from the IMF.
October 24, 2002 -- East AFRITAC Inauguration Ceremony, Keynote Speech by Eduardo Aninat, Deputy Managing Director, IMF
This is an important day for Africa, the International Monetary Fund, the international community, and for all who truly care about Africa and her future.
September 25, 2002 -- Rwanda--2002 Article IV Consultation and Requests for a New Poverty Reduction and Growth Facility Arrangement and for Additional Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries--Staff Report; Staff Statement; and Public Information Notice and Press Release on the Executive Board Discussion
Series: Country Report No. 02/204
September 20, 2002 -- Corrected Public Information Notice: IMF Concludes 2002 Article IV Consultation with Rwanda
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
August 16, 2002 -- Rwanda: Statistical Annex
Series: Country Report No. 02/187
August 12, 2002 -- Press Release: IMF Approves a Three-Year, US$5 Million PRGF Arrangement for Rwanda
July 18, 2002 -- Joint Staff Assessment of the Poverty Reduction Strategy Paper
Evaluates the strengths and weaknesses of a country's poverty reduction objectives and strategies, and in it the staffs of the IMF and World Bank make recommendations about whether the PRSP or IPRSP provides a sound basis for concessional assistance from the Bank and Fund, as well as for debt relief under the Enhanced Heavily Indebted Poor Countries (HIPC) Debt Initiative. PDF File Size: 565Kb
July 03, 2002 -- Rwanda -- Letter of Intent, Memorandum of Economic and Financial Policies, Technical Memorandum of Understanding, July 3, 2002
This Letter of Intent of the government of Rwanda describes the policies that Rwanda intends to implement in the context of its request for financial support from the IMF.
June 30, 2002 -- Rwanda - Poverty Reduction Strategy Paper (PRSP) -- Table of Contents, June 2002
Describes the country's macroeconomic, structural, and social policies in support of growth and poverty reduction, as well as associated external financing needs and major sources of financing.
October 10, 2001 -- News Brief: IMF Completes Review Under Rwanda's PRGF Arrangement and Approves US$12 Million Disbursement
September 24, 2001 -- Rwanda Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, September 24, 2001
This Letter of Intent of the government of Rwanda describes the policies that Rwanda intends to implement in the context of its request for financial support from the IMF.
March 27, 2001 -- Public Information Notice: IMF Concludes Article IV Consultation with Rwanda
Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of economic developments and policies.
February 05, 2001 -- Rwanda: Statistical Appendix
Series: Country Report No. 01/30
December 28, 2000 -- News Brief: IMF Gives Final Approval of Third Annual PRGF Loan for Rwanda
December 22, 2000 -- Press Release: IMF Approves In Principle Third Annual Arrangement of Rwanda Under PRGF-Supported Program and Approves US$12 Million Disbursement
December 22, 2000 -- Press Release: Rwanda to Receive US$810 Million in Debt Service Relief: The IMF and World Bank Support Debt Relief for Rwanda Under the Enhanced HIPC Initiative
December 11, 2000 -- HIPC Decision Point Document for the Enhanced Initiative for Heavily Indebted Poor Countries (HIPC)
Makes recommendations for decisions by the Executive Boards of the IMF and World Bank regarding: eligibility, timing of decision point under the Initiative, assistance required to reach the sustainability targets, and the agreed policy measures which when implemented would trigger the completion point. PDF File Size: 787Kb
December 01, 2000 -- Policies for Faster Growth and Poverty Reduction in Sub-Saharan Africa and the Role of the IMF -- An IMF Issues Brief
After two decades of economic stagnation and little progress in poverty reduction, the seeds of an economic renaissance in sub-Saharan Africa, with faster growth and less poverty, have been sown in recent years. This Issues Brief, after reviewing recent economic developments, outlines the key policy issues that countries in the region will need to address and the contribution that the international community, including the IMF, will need to make to build on recent gains and establish a virtuous cycle of sustained high-quality growth.
November 30, 2000 -- An Approach to the Poverty Reduction Action Plan for Rwanda - The Interim Poverty Reduction Strategy Paper
Summarizes the current knowledge and analysis of a country's poverty situation, describes the existing poverty reduction strategy, and lays out the process for producing a fully developed PRSP in a participatory fashion.
November 06, 2000 -- Rwanda Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, November 6, 2000
This Letter of Intent of the government of Rwanda describes the policies that Rwanda intends to implement in the context of its request for financial support from the IMF.
July 31, 2000 -- News Brief: IMF Completes First Review of Rwanda under PRGF-Supported Program and Approves US$12.5 Million Disbursement
July 18, 2000 -- HIPC Preliminary Document on the Enhanced Initiative for Heavily Indebted Poor Countries
Provides a preliminary assessment of a country's eligibility for assistance under the HIPC Initiative, based on a Debt Sustainability Analysis, the track record of policy performance, and progress with developing a poverty reduction strategy. PDF File Size: 227Kb
July 14, 2000 -- Rwanda Letter of Intent and Memorandum of Economic and Financial Policies, July 14, 2000
This Letter of Intent of the government of Rwanda describes the policies that Rwanda intends to implement in the context of its request for financial support from the IMF.
January 31, 2000 -- Rwanda: Recent Economic Developments
Series: IMF Staff Country Report No. 00/04
December 06, 1999 -- Public Information Notice: IMF Concludes Article IV Consultation with Rwanda; Approves Second ESAF Loan
Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of economic developments and policies.
November 19, 1999 -- Press Release: IMF Approves Second Annual ESAF Arrangement for Rwanda
November 04, 1999 -- Policy Framework Paper--Rwanda--Enhanced Structural Adjustment Facility Policy Framework Paper, 1999-2002 Table of Contents
Describes economic objectives, macroeconomic and structural policies for three-year adjustment programs supported by ESAF resources, as well as associated external financing needs and major sources of financing
November 02, 1999 -- Rwanda Letter of Intent, November 2, 1999
This Letter of Intent of the government of Rwanda describes the policies that Rwanda intends to implement in the context of its request for financial support from the IMF.
September 29, 1999 -- Statement by the Hon. Tantely Andrianarivo, Governor of the IMF for Madagascar, on behalf of the African Governors, at the Joint Annual Discussion
PDF File Size: 14Kb
July 14, 1999 -- The Cross-Border Initiative in Eastern and Southern Africa
The Initiative comprises a common policy framework aims to facilitate cross-border economic activity by eliminating barriers to the flow of goods, services, labor, and capital, and to help integrate markets by coordinating reform programs in several key structural areas, supported by appropriate macroeconomic policies.
January 04, 1999 -- Press Release: Rwanda Accepts Article VIII Obligations
December 30, 1998 -- Rwanda Letter of Intent, December 30, 1998
This Letter of Intent of the government of Rwanda describes the policies that Rwanda intends to implement in the context of its request for financial support from the IMF.
November 04, 1998 -- Rwanda - Statistical Appendix
Series: IMF Staff Country Report No. 98/115
October 01, 1998 -- Purchasing Power Parities in Five East African Countries - Burundi, Kenya, Rwanda, Tanzania, and Uganda
Author/Editor: Krichene, Noureddine
Series: Working Paper No. 98/148
September 01, 1998 -- Public Information Notice: IMF Concludes Article IV Consultation with Rwanda
Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of economic developments and policies.
June 24, 1998 -- Press Release: IMF Approves Three-Year ESAF Credit for Rwanda
June 10, 1998 -- Policy Framework Papers - Rwanda: Enhanced Structural Adjustment Facility Policy Framework Paper 1998/99-2000/01 Table of Contents
Rwanda: Policy Framework Paper prepared by Rwandese authorities in collaboration with the staffs of the International Monetary Fund and the World Bank
June 10, 1998 -- Policy Framework Papers - Rwanda: Enhanced Structural Adjustment Facility Policy Framework Paper 1998/99-2000/01 -- text
Rwanda: Policy Framework Paper prepared by Rwandese authorities in collaboration with the staffs of the International Monetary Fund and the World Bank
June 10, 1998 -- Policy Framework Papers - Rwanda: Enhanced Structural Adjustment Facility Policy Framework Paper, 1998/99-2000/01 (Tables)
Rwanda: Policy Framework Paper prepared by Rwandese authorities in collaboration with the staffs of the International Monetary Fund and the World Bank
June 04, 1998 -- Rwanda Letter of Intent, June 4, 1998
This Letter of Intent of the government of Rwanda describes the policies that Rwanda intends to implement in the context of its request for financial support from the IMF.
December 12, 1997 -- Press Release: IMF Approves Emergency Post-Conflict Assistance for Rwanda
April 22, 1997 -- Press Release: IMF Approves Emergency Post-Conflict Assistance for Rwanda
January 23, 1997 -- Rwanda - Selected Issues and Statistical Appendix
Series: IMF Staff Country Report No. 96/140
December 01, 1995 -- Rwanda - Social and Economic Background Paper, and Statistical Appendix
Series: IMF Staff Country Report No. 95/109
Notes: This paper on social and economic developments and statistical appendix was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. As such, the views expressed in this document are those of the staff team and do not necessarily reflect the views of the Government of Rwand, or the Executive Board of the IMF.
October 27, 1995 -- Press Release: IMF Approves Compensatory Drawing for Rwanda

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