Rwanda: First Review Under the Policy Support Instrument-Staff Report; and Press Release

Publication Date: July 03, 2014
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Summary: This paper discusses Rwanda’s First Review Under the Policy Support Instrument. Rwanda continues to face the challenge of sustaining high growth while reducing its reliance on aid and preventing the build-up of imbalances. After using foreign exchange reserves over the past few years to support the economy, the room for maneuver is more limited and it will be important to rebuild policy buffers. Growth is projected to increase to 6 percent in 2014. In the short term, the need to support growth and preserve the level of foreign reserves requires a cautious fiscal stance while maintaining priority spending and leaving scope for private sector credit expansion.
Series: Country Report No. 14/185
Subject(s): Policy Support Instrument | Foreign exchange reserves | Economic growth | Economic conditions | Poverty reduction | Fiscal policy | Exchange rate policy | Debt sustainability | Inflation | Balance of payments | Economic indicators | Letters of Intent | Staff Reports | Press releases | Rwanda

Publication Date: July 03, 2014
ISBN/ISSN: 9781498393195/1934-7685 Format: Paper
Stock No: 1RWAEA2014001 Pages: 57
US$18.00 (Academic Rate:
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