Rwanda: Sixth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waivers of Nonobservance of Performance Criteria: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Rwanda
August 20, 2009
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This paper discusses key findings of the Sixth Review under the Poverty Reduction and Growth Facility (PRGF) for Rwanda. All end-2008 quantitative performance criteria were met, and performance through March 2009 was broadly satisfactory. IMF staff recommends completion of the sixth review under the PRGF arrangement based on Rwanda’s performance and understandings reached on the macroeconomic program for 2009/10. IMF staff also supports the authorities’ request for waivers of nonobservance of performance criteria on nonconcessional borrowing and nonintroduction of multiple currency practices.
Subject: Commercial banks, Current spending, Expenditure, External debt, Financial institutions, Monetary base, Money, Total expenditures
Keywords: authorities' strong belief, Commercial banks, CR, Current spending, development goal, executive board discussion, Global, government, government deposit, ISCR, Monetary base, monetary program, PRGF, PRGF arrangement, priority spending, Rwanda, Rwandan authorities, Total expenditures
Pages:
67
Volume:
2009
DOI:
Issue:
264
Series:
Country Report No. 2009/264
Stock No:
1RWAEA2009002
ISBN:
9781451833492
ISSN:
1934-7685
