Rwanda: Fifth Review Under the Policy Support Instrument and Request for Extension, and Request for an Arrangement Under the Standby Credit Faciltity—Press Release; Staff Report; and Statement by the Executive Director for Rwanda
IMF Staff Country Reports, June 16, 2016
Source details
- Canonical URL
- Rwanda: Fifth Review Under the Policy Support Instrument and Request for Extension, and Request for an Arrangement Under the Standby Credit Faciltity—Press Release; Staff Report; and Statement by the Executive Director for Rwanda
Other formats
Bibliographic details
- Published: June 16, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484390610.002
Economic performance and outlook
- Real GDP grew by an estimated 6.9 percent in 2015, buoyed by strong construction and services activity.
- Leading indicators suggest continued robust growth in the first quarter of 2016.
- An unfolding external shock was present during 2015 and into 2016.
Balance-of-payments and risk assessment
- Without the policy adjustment already underway, growth would remain at its potential, but the balance-of-payment situation would be unsustainable.
Policy framework and authorities' request
- The authorities are requesting to extend the current Policy Support Instrument (PSI)-supported program.
- The authorities believe the PSI framework has served well in anchoring their medium- and long-term growth and reform agenda, and signaling policy intentions and performance to investors and development partners.
Key subjects and policy areas covered
- External debt
- Fiscal policy
- Fiscal stance
- Imports
- International trade
- Monetary base
- Public and publicly-guaranteed external debt
- Public debt
Source: Rwanda: Fifth Review Under the Policy Support Instrument and Request for Extension, and Request for an Arrangement Under the Standby Credit Faciltity—Press Release; Staff Report; and Statement by the Executive Director for Rwanda