## Rwanda: Staff Report for the 2004 Article IV Consultation

_IMF Staff Country Reports, December 3, 2004_

## Source details

**Canonical URL:** [Rwanda: Staff Report for the 2004 Article IV Consultation](https://www.imf.org/en/publications/cr/issues/2016/12/31/rwanda-staff-report-for-the-2004-article-iv-consultation-17878)

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## Bibliographic details
- Published: December 3, 2004
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451833324.002

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### Executive summary and key findings
- Recovery in primary activities has been relatively rapid.
- Formal sector activity registered a mixed performance.
- The expansion of government programs in health, education, water and energy would widen the structural deficit over the medium term.
- The shift in the structure of the monetary base could weaken the effectiveness of central bank policy instruments.
- Rwanda’s export base remains highly concentrated and vulnerable to climatic and international price shocks.

### Fiscal and structural considerations
- Expansion of government programs in health, education, water and energy expected to widen the structural deficit over the medium term.

### Monetary and financial sector issues
- A shift in the structure of the monetary base could weaken the effectiveness of central bank policy instruments.
- Financial institutions and commercial banks are listed as subjects/keywords linked to the report.

### External sector and trade
- Rwanda’s export base remains highly concentrated.
- Export performance is vulnerable to climatic and international price shocks.
- Subjects include External debt and International trade.

### Publication metadata and identifiers
- Publication title: Rwanda: Staff Report for the 2004 Article IV Consultation
- Date: December 3, 2004
- Pages: 78
- Volume: 2004
- Issue: 382
- Series: Country Report No. 2004/382
- ISBN: 9781451833324
- ISSN: 1934-7685
- Stock No: 1RWAEA0042004
- DOI: https://doi.org/10.5089/9781451833324.002
- Format availability noted: Download PDF; More Formats on IMF eLibrary; Order a Print Copy

### Subjects and keywords (as provided)
- Subject: Expenditure, External debt, Financial institutions, International trade
- Keywords: Africa, authority, Commercial banks, CR, development partner, Export performance, Exports, floating exchange rate regime, Global, government, growth strategy, ISCR, Rwanda's net present value, Rwandese authorities, Southern Africa

*Source: Rwanda: Staff Report for the 2004 Article IV Consultation (IMF Staff Country Reports 2004, 382), December 3, 2004.*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/rwanda-staff-report-for-the-2004-article-iv-consultation-17878_