{
  "title": "Rwanda: Ninth Review Under the Policy Support Instrument",
  "publication": "IMF Staff Country Reports, June 11, 2018",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2018/06/11/rwanda-ninth-review-under-the-policy-support-instrument-45982",
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  "summary": "This paper discusses Rwanda’s Ninth Review Under the Policy Support Instrument (PSI). Growth in 2017 was better than expected, supported in all areas except construction.",
  "sections": [
    {
      "heading": "Growth and exports",
      "content": "- Growth in 2017 was better than expected.\n- Growth was supported in all areas except construction.\n- Goods exports rose by 58 percent, based on strong performance of both traditional and nontraditional exports."
    },
    {
      "heading": "Inflation and monetary stance",
      "content": "- Inflation has remained below the central bank’s 5 percent medium term target."
    },
    {
      "heading": "External balances and reserves",
      "content": "- External balances and reserve buffers have continued to improve faster than expected."
    },
    {
      "heading": "Program performance and structural benchmarks",
      "content": "- Program performance is on track.\n- All continuous and end-December 2017 quantitative targets were met.\n- All structural benchmarks were met, except the indicative target on contracting of new external debt by public enterprises."
    },
    {
      "heading": "IMF staff recommendation",
      "content": "- The IMF staff supports the completion of the Ninth Review under the PSI-supported program.\n\nInternational Monetary Fund. Rwanda: Ninth Review Under the Policy Support Instrument, June 11, 2018.\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\"}"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2018/06/11/rwanda-ninth-review-under-the-policy-support-instrument-45982/index.md)",
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    "Published: June 11, 2018",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484361184.002",
    "Growth in 2017 was better than expected.",
    "Growth was supported in all areas except construction.",
    "Goods exports rose by 58 percent, based on strong performance of both traditional and nontraditional exports.",
    "Inflation has remained below the central bank’s 5 percent medium term target.",
    "External balances and reserve buffers have continued to improve faster than expected.",
    "Program performance is on track.",
    "All continuous and end-December 2017 quantitative targets were met.",
    "All structural benchmarks were met, except the indicative target on contracting of new external debt by public enterprises.",
    "The IMF staff supports the completion of the Ninth Review under the PSI-supported program.",
    "**Country Report**"
  ],
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