## 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

_IMF Staff Country Reports, January 18, 2018_

## Source details

**Canonical URL:** [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](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)

## Other formats

- [Markdown version](/en/publications/cr/issues/2018/01/18/rwanda-eighth-review-under-the-policy-support-instrument-and-request-for-extension-and-third-45567/index.md)
- [Structured JSON version](/en/publications/cr/issues/2018/01/18/rwanda-eighth-review-under-the-policy-support-instrument-and-request-for-extension-and-third-45567/index.json)
- [Bundle manifest](/en/publications/cr/issues/2018/01/18/rwanda-eighth-review-under-the-policy-support-instrument-and-request-for-extension-and-third-45567/bundle-manifest.json)

## Bibliographic details
- Published: January 18, 2018
- Series: IMF Staff Country Reports

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### Program objectives and scope
- 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:
  - safeguarding macroeconomic stability, including through external sustainability;
  - fiscal sustainability based on continued improvements in domestic resource collection;
  - low and stable inflation;
  - enhancing access to credit and deepening the financial sector.

### Findings and impact
- 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 coverage and keywords
- 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

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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2018/cr1813.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2018/cr1813.pdf){rel="external" type="application/pdf"}

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_Source: 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_