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
July 9, 2007
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The Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility of Rwanda explains macroeconomic challenges. Indicative limits on domestic debt have been established. If these limits are exceeded or inflation is rekindled, the domestic component of fiscal spending must be released more gradually. On the structural side, the focus remains on public financial management (PFM) and the financial sector. The authorities’ financial sector development plan is a sound basis for building long-term financial markets.
Subject: Bank supervision, Banking, Expenditure, Financial regulation and supervision, Fiscal stance, Monetary base, Money, Poverty, Poverty reduction, Poverty reduction strategy
Keywords: authority, Bank supervision, CR, East Africa, executive board's discussion, ISCR, modification performance criteria, Monetary base, Poverty reduction, Poverty reduction strategy, poverty strategy, PRGF arrangement, Rwanda, Rwandese authorities
Pages:
69
Volume:
2007
DOI:
Issue:
233
Series:
Country Report No. 2007/233
Stock No:
1RWAEA2007002
ISBN:
9781451833430
ISSN:
1934-7685
