Rwanda: Sixth Review Under the Policy Support Instrument and Request for Extension of the Policy Support Instrument—Staff Report; Press Release
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Summary:
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.
Series:
Country Report No. 2013/177
Subject:
Budget planning and preparation Current spending Exchange rate flexibility Exchange rates Expenditure Foreign exchange Monetary base Money Public financial management (PFM)
English
Publication Date:
June 25, 2013
ISBN/ISSN:
9781475556797/1934-7685
Stock No:
1RWAEA2013002
Pages:
62
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