{
  "title": "Rwanda: Third Review Under the Policy Support Instrument",
  "publication": "IMF Staff Country Reports, June 3, 2015",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/rwanda-third-review-under-the-policy-support-instrument-42977",
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  "summary": "This paper discusses Rwanda’s Third Review Under the Policy Support Instrument (PSI). Rwanda’s performance under the PSI has been satisfactory. The authorities are to be commended for meeting all quantitative assessment criteria.",
  "sections": [
    {
      "heading": "Performance under the PSI",
      "content": "- Rwanda’s performance under the Policy Support Instrument (PSI) has been satisfactory.\n- The authorities met all quantitative assessment criteria.\n- Performance on indicative targets and structural benchmarks was uneven.\n- It will be important to maintain the momentum of reforms, including on revenue mobilization while strengthening project implementation."
    },
    {
      "heading": "Growth, outlook, and policy stance",
      "content": "- Growth in 2015 is expected to remain strong.\n- The outlook is stable.\n- The cautious fiscal stance and monetary policy are consistent with the need to preserve policy buffers."
    },
    {
      "heading": "Subject areas and keywords noted in the report",
      "content": "- Debt sustainability\n- Exports\n- External debt\n- Imports\n- International trade\n- Monetary base\n- Public and publicly-guaranteed external debt\n- Keywords listed: CR, debt ratio, Debt sustainability, Exports, Global, IMF's Policy Support Instrument, Imports, ISCR, monetary policy stance, priority spending, program, PSI objective, Public and publicly-guaranteed external debt, U.S. dollar\n\n---\n\n Content in this bundle\n\n- Cr15141\n  - Cr15141 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Cr15141 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: June 3, 2015",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513595399.002",
    "Rwanda’s performance under the Policy Support Instrument (PSI) has been satisfactory.",
    "The authorities met all quantitative assessment criteria.",
    "Performance on indicative targets and structural benchmarks was uneven.",
    "It will be important to maintain the momentum of reforms, including on revenue mobilization while strengthening project implementation.",
    "Growth in 2015 is expected to remain strong.",
    "The outlook is stable.",
    "The cautious fiscal stance and monetary policy are consistent with the need to preserve policy buffers.",
    "Keywords listed: CR, debt ratio, Debt sustainability, Exports, Global, IMF's Policy Support Instrument, Imports, ISCR, monetary policy stance, priority spending, program, PSI objective, Public and publicly-guaranteed external debt, U.S. dollar",
    "**Cr15141**"
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