## Rwanda: Second and Third Reviews Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Request for Waiver of Performance Criteria, and Request for Additional Interim Assistance Under the Enhanced HIPC Initiative

_IMF Staff Country Reports, August 20, 2004_

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**Canonical URL:** [Rwanda: Second and Third Reviews Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Request for Waiver of Performance Criteria, and Request for Additional Interim Assistance Under the Enhanced HIPC Initiative](https://www.imf.org/en/publications/cr/issues/2016/12/31/rwanda-second-and-third-reviews-under-the-three-year-arrangement-under-the-poverty-reduction-17668)

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## Bibliographic details
- Published: August 20, 2004
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451833270.002

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### Summary
- Rwanda’s Second and Third Reviews under the Poverty Reduction and Growth Facility, and request for Waiver of Performance Criteria are discussed.
- After an extended period characterized by a strong expansion of economic activity, real GDP growth is estimated by IMF staff to have slowed to 0.9 percent in 2003.
- On the structural side, performance criteria on the revision of the tax law and preparation of the financial instructions for more effective expenditure management have been met.

### Economic performance
- Real GDP growth: 0.9 percent in 2003.
- Characterization: An extended period of strong expansion of economic activity preceded the slowdown.

### Structural reforms and performance criteria
- Performance criteria met:
  - Revision of the tax law.
  - Preparation of the financial instructions for more effective expenditure management.

### Policy requests and program context
- Requests discussed:
  - Request for Waiver of Performance Criteria.
  - Request for Additional Interim Assistance Under the Enhanced HIPC Initiative.
- Program: Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF).

### Subject areas and keywords
- Subject: Commercial banks, Expenditure, External debt, Financial institutions, Monetary base, Money, Poverty, Poverty reduction strategy
- Keywords: Africa, commercial bank bank reserves, Commercial banks, CR, due diligence study, government, investor bid, ISCR, Monetary base, Poverty reduction strategy, PRGF arrangement, PRGF loan, Rwandese authorities

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/rwanda-second-and-third-reviews-under-the-three-year-arrangement-under-the-poverty-reduction-17668_