International Monetary Fund

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Rwanda, Africa

Kigali, Rwanda

Rwanda Resident Representative Site

Resident Representative Office in Rwanda

This web page provides information on the activities of the Office, views of the IMF staff, and the relations between Rwanda and the IMF. Additional information can be found on Rwanda and IMF country page, including official IMF reports and Executive Board documents in English that deal with Rwanda.

News and Highlights


Fair Play—Equal Laws for Equal Working Opportunity for Women

iMFdirect Blog by Christine Lagarde click for more

Pan-African Banks - Opportunities and Challenges for Cross-Border Oversight

IMF Policy Paper click for more

Energy Subsidy Reform (ESRx): IMF ICD online course (10/1 - 10/22, 2014)

Call for registration in ICD open online courses. Registration deadline: October 1, 2014. click for more

Debt Sustainability Analysis (DSAx): IMF ICD Online Course (10/22 - 11/26, 2014)

Call for registration in ICD open online courses. Registration deadline: October 22, 2014. click for more

IMF and the East African Community Launch Collaboration Program to Assist East African Partner States Develop Government Finance Statistics

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Rwanda and The IMF

Press Release: IMF Staff Completes Review Mission to Rwanda

November 4, 2015

IMF Survey : From Rhetoric to Reality: Decisive Action Needed on Development Goals

October 13, 2015
Governments must take action at the country level and the collective level to mobilize resources and partner with the private sector if they are to attain the United Nations Sustainable Development Goals, panelists said at a seminar. click for more

Monitoring and Managing Fiscal Risks in the East African Community

August 13, 2015
Author/Editor: Paolo Mauro ; Herve Joly ; Ari Aisen ; C. Emre Alper ; Francois Boutin-Dufresne ; Jemma Dridi ; Nikoloz Gigineishvili ; Tom Josephs ; Clara Mira ; Vimal V Thakoor ; Alun H. Thomas ; Fan Yang
Series: African Departmental Paper No. 15/7
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Sub-Saharan Employment Developments : The Important Role of Household Enterprises with an Application to Rwanda

August 3, 2015
Author/Editor: Alun H. Thomas
Series: Working Paper No. 15/185
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Rwanda: Detailed Assessment Report-Anti-Money Laundering and Combating the Financing of Terrorism

August 3, 2015
Series: Country Report No. 15/221 click for more

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Regional Economic Outlook for Sub-Saharan Africa

image from the publication cover

Growth in sub-Saharan Africa has weakened after more than a decade of solid growth, although this overall outlook masks considerable variation across the region. Some countries have been negatively affected by falling prices of their main commodity exports. Oil-exporting countries, including Nigeria and Angola, have been hit hard by falling revenues and the resulting fiscal adjustments, while middle-income countries such as Ghana, South Africa, and Zambia are also facing unfavorable conditions. This October 2015 report discusses the fiscal and monetary policy adjustments necessary for these countries to adapt to the new environment. Chapter 2 looks at competitiveness in the region, analyzing the substantial trade integration that accompanied the recent period of high growth, and policy actions to nurture new sources of growth. Chapter 3 looks at the implications for the region of persistently high income and gender inequality and ways to reduce them. Click for more

Monitoring and Managing Fiscal Risks in the East African Community

Building Resilience in Sub-Saharan Africa's Fragile States

Monitoring and managing fiscal risks—defined as the possibility of deviations of fiscal outcomes from what was expected at the time of the budget or other forecast—are always key aspects of policymaking. Their importance in the East African Community (EAC, consisting of Burundi, Kenya, Rwanda, Tanzania and Uganda) is reinforced by the drive toward the East African Monetary Union (EAMU). Indeed, fiscal risks are unlikely to be fully captured by headline fiscal indicators—such as the deficit and debt of the government—that will serve as convergence criteria for the EAMU.

Toward a Monetary Union in the East African Community

Building Resilience in Sub-Saharan Africa's Fragile States

In late 2013 the East African Community (EAC) countries (Burundi, Kenya, Rwanda, Tanzania, and Uganda) signed a joint protocol setting out the process and convergence criteria for an EAC monetary union. The signing of the protocol represents a further step toward regional economic integration. It follows ratification of the protocols for a customs union (2005) and the common market (2010). Envisaged in 2024 is the introduction of a common currency to replace the national currencies of member countries.

Building Resilience in Sub-Saharan Africa's Fragile States

Building Resilience in Sub-Saharan Africa's Fragile States

Fragile states—states in which the government is unable to deliver basic services and security to the population—face severe and entrenched obstacles to economic and human development. While definitions of fragility and country circumstances differ, fragile states generally have a combination of weak and non-inclusive institutions, poor governance, low capacity, and constraints in pursuing a common national interest. As a result, these countries typically display an elevated risk of both political instability (including civil conflict), and economic instability (through a low level of public service provision, inadequate economic management, and difficulties to absorb or respond to shocks). Crises in such countries can also have significant adverse spillovers on other countries. In contrast, resilience can be defined as a condition where institutional strength, capacity, and social cohesion are sufficiently strong for the state to promote security and development and to respond effectively to shocks.

Pan-African Banking : Opportunities and Challenges for Cross-Border Oversight

Pan-African Banking : Opportunities and Challenges for Cross-Border Oversight

Pan-African banks are expanding rapidly across the continent, creating cross-border networks, and having a systemic presence in the banking sectors of many Sub-Saharan African countries. These banking groups are fostering financial development and economic integration, stimulating competition and efficiency, introducing product innovation and modern management and information systems, and bringing higher skills and expertise to host countries. At the same time, the rise of pan-African banks presents new challenges for regulators and supervisors. As networks expand, new channels for transmission of macro-financial risks and spillovers across home and host countries may emerge. To ensure that the gains from cross border banking are sustained and avoid raising financial stability risks, enhanced cross-border cooperation on regulatory and supervisory oversight is needed, in particular to support effective supervision on a consolidated basis. This paper takes stock of the development of pan-African banking groups; identifies regulatory, supervisory and resolution gaps; and suggests how the IMF can help the authorities address the related challenges.

IMF Opens Africa Training Institute in Mauritius

Africa Training Institute (ATI) Logo

The International Monetary Fund (IMF) on June 26, 2014 opened the Africa Training Institute (ATI) in Ebene, Mauritius, adding an important regional center to a global network of centers helping to develop countries' policymaking capacity by transferring economic skills and best practices.