Rwanda: First Review Under the Policy Support Instrument
IMF Staff Country Reports, July 3, 2014
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- Canonical URL
- Rwanda: First Review Under the Policy Support Instrument
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Bibliographic details
- Published: July 3, 2014
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498393195.002
Economic outlook and growth projections
- Rwanda faces the challenge of sustaining high growth while reducing its reliance on aid and preventing the build-up of imbalances.
- Growth is projected to increase to 6 percent in 2014.
Foreign exchange reserves and policy buffers
- After using foreign exchange reserves over the past few years to support the economy, the room for maneuver is more limited.
- It will be important to rebuild policy buffers.
Fiscal stance and short-term policy priorities
- In the short term, the need to support growth and preserve the level of foreign reserves requires a cautious fiscal stance.
- Policy priorities include:
- maintaining priority spending; and
- leaving scope for private sector credit expansion.
Subject areas and keywords (as listed)
- Subject: Budget planning and preparation, Expenditure, External debt, Monetary base, Money, Public financial management (PFM), Revenue administration
- Keywords: Budget planning and preparation, CR, debt ratio, economic activity, GDP deflator, Global, global fund, growth prospect, ISCR, Monetary base, policy, policy buffer