1.

Record Nr.

UNINA9910789035603321

Titolo

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

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2013

ISBN

1-4843-2411-0

1-4843-2396-3

1-4843-2414-5

Descrizione fisica

1 online resource (102 p.)

Collana

IMF Staff Country Reports

Soggetti

Economic stabilization - Rwanda

Macroeconomics

Money and Monetary Policy

Public Finance

Industries: Financial Services

Social Services and Welfare

Government Policy

Provision and Effects of Welfare Program

Taxation, Subsidies, and Revenue: General

Monetary Policy, Central Banking, and the Supply of Money and Credit: General

National Government Expenditures and Related Policies: General

Banks

Depository Institutions

Micro Finance Institutions

Mortgages

Fiscal Policy

Public finance & taxation

Social welfare & social services

Monetary economics

Finance

Revenue administration

Public financial management (PFM)

Poverty reduction strategy

Monetary base

Loans

Poverty

Financial institutions



Money

Revenue

Finance, Public

Money supply

Fiscal policy

Rwanda Economic policy

Rwanda

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Cover; CONTENTS; THE CONTEXT; BACKGROUND; A. Economic Developments; BOXES; 1. Experiences and Lessons from the Expiring PSI; B. Program Performance; C. Near-Term Outlook and Risks; POLICY DISCUSSIONS; A. The Macroeconomic Framework; B. Sustaining Growth and Poverty Reduction; 2. A Soft Landing on Aid; 3. Private Sector Development; 4. Rwanda and EAC Integration; C. Maintaining a Sustainable Fiscal Position and Creating Fiscal Space; 5. Revenue Mobilization Strategy; D. Modernizing the Monetary Policy Framework; 6. Strengthening the Monetary Policy Framework

E. Enhancing Access to Credit and Reducing Financial Sector VulnerabilitiesF. Preserving Debt Sustainability; G. Technical Assistance; PROGRAM ISSUES; STAFF APPRAISAL; FIGURES; 1. EAC Economic Indicators; 2. Recent Performance; 3. Selected High-Frequency Indicators of Economic Activity; 4. Fiscal Developments; 5a. Inflation Developments; 5b. Inflation Outlook; 6. Monetary Developments; 7. Medium-Term Outlook; TABLES; 1. Selected Economic and Financial Indicators, 2009-18; 2. Balance of Payments, 2009-18; 3. Operations of the Central Government, Fiscal-Year Basis,[sup(1)] 2009/10-17/18

4. Monetary Survey, 2010-145. Financial Soundness Indicators for Banking Sector, 2009-13; 6. Millennium Development Goals; APPENDIXES; I. Letter of Intent; Attachment I. Memorandum of Economic and Financial Policies; Attachment II. Technical Memorandum of Understanding; II. Joint Bank-Fund Debt Sustainability Analysis Update

Sommario/riassunto

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.