Rwanda: Eighth Review Under the Policy Support Instrument and Request for Extension, and Third Review Under the Standby Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Rwanda

IMF Staff Country Reports, January 18, 2018

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Rwanda: Eighth Review Under the Policy Support Instrument and Request for Extension, and Third Review Under the Standby Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Rwanda

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Bibliographic details

• Published: January 18, 2018
• Series: IMF Staff Country Reports

Program objectives and scope

• The paper discusses Rwanda’s Eighth Review Under the Policy Support Instrument (PSI) and Request for Extension, and Third Review Under the Standby Credit Facility (SCF).
• The SCF arrangement added a financing component to the existing PSI-supported program.
• The program aims to promote private-sector led growth through:
  • safeguarding macroeconomic stability, including through external sustainability;
  • fiscal sustainability based on continued improvements in domestic resource collection;
  • low and stable inflation;
  • enhancing access to credit and deepening the financial sector.

Findings and impact

• The existing PSI and SCF arrangement have supported Rwanda’s efforts to address external imbalances.
• These arrangements supported continued strong growth and durable poverty reduction.

Subject coverage and keywords

• Subject: External debt, Financial institutions, Fiscal policy, Fiscal risks, Fiscal stance, Loans, Monetary base, Money, Public debt, Public financial management (PFM)
• Keywords: Africa, CR, Fiscal risks, Fiscal stance, ISCR, Loans, Monetary base, national bank of Rwanda, NPL ratio, SCF arrangement, staff appraisal, y growth

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• Country Report
  • Country Report (Markdown version)
  • Country Report (PDF)