Rwanda: Third Review Under the Policy Coordination Instrument-Press Release; Staff Report; and Statement by the Executive Director and Staff Representative for Rwanda
IMF Staff Country Reports, January 4, 2021
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- Rwanda: Third Review Under the Policy Coordination Instrument-Press Release; Staff Report; and Statement by the Executive Director and Staff Representative for Rwanda
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Bibliographic details
- Published: January 4, 2021
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513565927.002
Overview
- The COVID-19 pandemic is having an adverse impact on Rwanda’s economy, despite a sizeable policy response.
- The government’s early actions helped contain the spread of the virus and mitigate its economic impact, supported by financing from Rwanda’s development partners, including from the IMF under the RCF.
- With the number of infections contained, the authorities are gradually easing up containment measures.
Economic impact and projections
- Output in 2020 is projected to contract by 0.2 percent.
- This contrasts with an 8 percent increase expected pre-pandemic.
Policy response and financing
- Authorities implemented an early and sizeable policy response to contain the pandemic and support the economy.
- Financing support was provided by Rwanda’s development partners, including from the IMF under the RCF.
Public health measures
- Early containment measures helped limit infections.
- With infections contained, containment measures are being gradually eased.
Rwanda: Third Review Under the Policy Coordination Instrument-Press Release; Staff Report; and Statement by the Executive Director and Staff Representative for Rwanda
Content in this bundle
- 1rwaea2021001