Rwanda: Seventh Review Under the Policy Support Instrument, Request for a Three-Year Policy Support Instrument and Cancellation of Current Policy Support Instrument

Publication Date: December 20, 2013
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Summary: This paper discusses Rwanda’s Seventh Review Under the Policy Support Instrument (PSI), Request for a Three-Year PSI and Cancellation of Current PSI. Progress under the PSI has continued to be satisfactory. Except for the ceiling on nonconcessional borrowing (NCB), all quantitative assessment criteria were met. All indicative targets and structural benchmarks were also met. The nonobservance of the NCB ceiling came about when the authorities allowed Rwandair to contract a new US$50.7 million external loan in July. Presently, the IMF staff recommends a waiver on the basis of the authorities’ commitment to prevent any reoccurrence.
Series: Country Report No. 13/372
Subject(s): Policy Support Instrument | Fiscal policy | Poverty reduction strategy | Tax revenues | Fiscal reforms | Monetary policy | Economic indicators | Extended arrangement cancellations | Extended arrangement requests | Debt sustainability analysis | Staff Reports | Press releases | Rwanda

Publication Date: December 20, 2013
ISBN/ISSN: 9781484323380/1934-7685 Format: Paper
Stock No: 1RWAEA2013005 Pages: 100
US$18.00 (Academic Rate:
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