06539oam 22013574 450 991082403970332120240402041749.01-4843-2411-01-4843-2396-31-4843-2414-5(CKB)3710000000086803(EBL)1599879(SSID)ssj0001167582(PQKBManifestationID)11656898(PQKBTitleCode)TC0001167582(PQKBWorkID)11130048(PQKB)10669395(MiAaPQ)EBC1599879(Au-PeEL)EBL1599879(CaPaEBR)ebr10831135(CaONFJC)MIL569646(OCoLC)869094912(IMF)1RWAEE2013005(IMF)1RWAEA2013005(EXLCZ)99371000000008680320020129d2013 uf 0engur|n|---|||||txtccrRwanda : Seventh Review Under the Policy Support Instrument, Request for a Three-Year Policy Support Instrument and Cancellation of Current Policy Support Instrument1st ed.Washington, D.C. :International Monetary Fund,2013.1 online resource (102 p.)IMF Staff Country ReportsDescription based upon print version of record.1-4843-2338-6 Includes bibliographical references.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 FrameworkE. 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)] 2009/10-17/184. 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 UpdateThis 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.IMF Staff Country Reports; Country Report ;No. 2013/372Economic stabilizationRwandaMacroeconomicsimfMoney and Monetary PolicyimfPublic FinanceimfIndustries: Financial ServicesimfSocial Services and WelfareimfGovernment PolicyimfProvision and Effects of Welfare ProgramimfTaxation, Subsidies, and Revenue: GeneralimfMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralimfNational Government Expenditures and Related Policies: GeneralimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfFiscal PolicyimfPublic finance & taxationimfSocial welfare & social servicesimfMonetary economicsimfFinanceimfRevenue administrationimfPublic financial management (PFM)imfPoverty reduction strategyimfMonetary baseimfLoansimfPovertyimfFinancial institutionsimfMoneyimfRevenueimfFinance, PublicimfMoney supplyimfFiscal policyimfRwandaEconomic policyRwandaimfEconomic stabilizationMacroeconomicsMoney and Monetary PolicyPublic FinanceIndustries: Financial ServicesSocial Services and WelfareGovernment PolicyProvision and Effects of Welfare ProgramTaxation, Subsidies, and Revenue: GeneralMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralNational Government Expenditures and Related Policies: GeneralBanksDepository InstitutionsMicro Finance InstitutionsMortgagesFiscal PolicyPublic finance & taxationSocial welfare & social servicesMonetary economicsFinanceRevenue administrationPublic financial management (PFM)Poverty reduction strategyMonetary baseLoansPovertyFinancial institutionsMoneyRevenueFinance, PublicMoney supplyFiscal policy300DcWaIMFBOOK9910824039703321Rwanda225400UNINA