Rwanda: 2012 Article IV Consultation and Fifth Review under the Policy Support Instrument and Request for Modification of Assessment Criteria —Staff Report; Staff Supplement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Rwanda

IMF Staff Country Reports, March 21, 2013

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Rwanda: 2012 Article IV Consultation and Fifth Review under the Policy Support Instrument and Request for Modification of Assessment Criteria —Staff Report; Staff Supplement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Rwanda

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Bibliographic details

• Published: March 21, 2013
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781484387672.002

Summary and main findings

• The report characterizes Rwanda’s economy as a "success story" while noting it faces certain challenges.
• Rwanda is focused on maintaining macroeconomic stability, sustaining sturdy growth, and reducing poverty without foreign dependence.
• Fiscal and monetary policies have played key roles in supporting economic growth.
• External stability is described as manageable, with Rwanda having "significant profit in the global market."
• Rwandan authorities review the economic performance as a remarkable achievement.

Economic performance and policy emphasis

• Priorities emphasized:
  • Maintain macroeconomic stability.
  • Sustain sturdy growth.
  • Reduce poverty while minimizing reliance on foreign assistance.
• Policy instruments highlighted:
  • Fiscal policy measures.
  • Monetary policy measures.
• The report attributes recent growth in part to the effective use of fiscal and monetary policies.

External sector and trade

• External stability is assessed as manageable.
• The report notes Rwanda derives "significant profit in the global market," indicating positive export performance and integration into international trade.

Challenges and outlook

• While the overall assessment is positive, the report explicitly notes that Rwanda "faces certain challenges" without detailing them in the overview.
• Continued attention to policy implementation is implied to sustain gains and address outstanding challenges.

Content in this bundle

• Rwanda‘s Response to the 2010 Article IV Consultation‘s Key Recommendations
  • Rwanda‘s Response to the 2010 Article IV Consultation‘s Key Recommendations (Markdown version)
  • Rwanda‘s Response to the 2010 Article IV Consultation‘s Key Recommendations (PDF)