{
  "title": "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",
  "publication": "IMF Staff Country Reports, January 18, 2018",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2018/01/18/rwanda-eighth-review-under-the-policy-support-instrument-and-request-for-extension-and-third-45567",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2018/01/18/rwanda-eighth-review-under-the-policy-support-instrument-and-request-for-extension-and-third-45567",
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  "summary": "This 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).",
  "sections": [
    {
      "heading": "Program objectives and scope",
      "content": "- 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).\n- The SCF arrangement added a financing component to the existing PSI-supported program.\n- The program aims to promote private-sector led growth through:\n  - safeguarding macroeconomic stability, including through external sustainability;\n  - fiscal sustainability based on continued improvements in domestic resource collection;\n  - low and stable inflation;\n  - enhancing access to credit and deepening the financial sector."
    },
    {
      "heading": "Findings and impact",
      "content": "- The existing PSI and SCF arrangement have supported Rwanda’s efforts to address external imbalances.\n- These arrangements supported continued strong growth and durable poverty reduction."
    },
    {
      "heading": "Subject coverage and keywords",
      "content": "- Subject: External debt, Financial institutions, Fiscal policy, Fiscal risks, Fiscal stance, Loans, Monetary base, Money, Public debt, Public financial management (PFM)\n- Keywords: Africa, CR, Fiscal risks, Fiscal stance, ISCR, Loans, Monetary base, national bank of Rwanda, NPL ratio, SCF arrangement, staff appraisal, y growth\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: January 18, 2018",
    "Series: IMF Staff Country Reports",
    "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:",
    "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: 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",
    "**Country Report**"
  ],
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