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
IMF Staff Country Reports, May 27, 2005
Source details
- Canonical URL
- 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
Other formats
Bibliographic details
- Published: May 27, 2005
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451833355.002
Overview
- The Fourth Review under the Poverty Reduction and Growth Facility (PRGF) for Rwanda is analyzed.
- Implementation of policies improved considerably in 2004, although economic performance was adversely affected by exogenous shocks.
- Strong activity in construction, transport, and communication raised growth to 4 percent, despite major electricity shortages.
- Macroeconomic and structural policies will aim at enhancing private sector development and accelerating productivity-enhancing strategies.
- Fiscal policies will focus on supporting macroeconomic stability and improving the quality of spending through a sizable reallocation to priority areas.
Economic performance and shocks
- Growth reached 4 percent driven by construction, transport, and communication.
- Major electricity shortages affected economic performance in 2004.
- Exogenous shocks contributed to adverse economic outcomes despite improved policy implementation.
Macroeconomic and structural policy priorities
- Aim to enhance private sector development.
- Accelerate productivity-enhancing strategies.
- Strengthen measures to mitigate impacts from infrastructure constraints (e.g., electricity shortages).
Fiscal policy focus
- Support macroeconomic stability.
- Improve the quality of spending through a sizable reallocation to priority areas.
Key statistics and publication metadata
- Publication date: May 27, 2005
- Pages: 91
- Volume: 2005
- Issue: 171
- Series: Country Report No. 2005/171
- DOI: https://doi.org/10.5089/9781451833355.002
- Stock No: 1RWAEA2005002
- ISBN: 9781451833355
- ISSN: 1934-7685
- Subjects: Expenditure, Export competitiveness, Exports, Fiscal policy, International trade, Monetary base, Public financial management (PFM)
- Keywords: Africa, Congo, CR, electricity crisis, Export competitiveness, Exports, ISCR, PRGF arrangement, priority spending, Rwandese authorities, staff appraisal, UN Security Council
IMF Staff Country Report: "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", May 27, 2005.
Content in this bundle
- _cr05171 - Executive Summary