Rwanda: Sixth Review Under the Policy Support Instrument and Request for Extension of the Policy Support Instrument—Staff Report; Press Release
June 25, 2013
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Rwanda has responded to lower aid by tightening policies and drawing on its foreign reserves to cushion the impact on the economy. Economic activity has been resilient despite lower aid inflows. The agreed framework for the FY2013/14 budget is in line with Policy Support Instrument (PSI) objectives. The government’s intention to develop a comprehensive plan for enhancing domestic revenue mobilization over the medium term is timely. Rwanda’s new poverty reduction strategy (EDPRS2) and the commitment to tighten the monetary stance while allowing greater exchange rate flexibility is encouraging.
Subject: Budget planning and preparation, Current spending, Exchange rate flexibility, Exchange rates, Expenditure, Foreign exchange, Monetary base, Money, Public financial management (PFM)
Keywords: broad money, Budget planning and preparation, consumer price inflation, CR, Current spending, Exchange rate flexibility, Exchange rates, foreign exchange market pressure, Global, inflation low, inflation pressure, ISCR, Monetary base
Pages:
62
Volume:
2013
DOI:
Issue:
177
Series:
Country Report No. 2013/177
Stock No:
1RWAEA2013002
ISBN:
9781475556797
ISSN:
1934-7685
