Rwanda : Seventh Review Under the Policy Support Instrument, Request for a Three-Year Policy Support Instrument and Cancellation of Current Policy Support Instrument.
Title:
Rwanda : Seventh Review Under the Policy Support Instrument, Request for a Three-Year Policy Support Instrument and Cancellation of Current Policy Support Instrument.
Author:
African Dept., International Monetary Fund.
ISBN:
9781484324141
Personal Author:
Physical Description:
1 online resource (102 pages)
Series:
IMF Staff Country Reports
Contents:
Cover -- CONTENTS -- THE CONTEXT -- BACKGROUND -- A. Economic Developments -- B. Program Performance -- C. Near-Term Outlook and Risks -- POLICY DISCUSSIONS -- A. The Macroeconomic Framework -- B. Sustaining Growth and Poverty Reduction -- C. Maintaining a Sustainable Fiscal Position and Creating Fiscal Space -- D. Modernizing the Monetary Policy Framework -- E. Enhancing Access to Credit and Reducing Financial Sector Vulnerabilities -- F. Preserving Debt Sustainability -- G. Technical Assistance -- PROGRAM ISSUES -- STAFF APPRAISAL -- BOXES -- 1. Experiences and Lessons from the Expiring PSI -- 2. A Soft Landing on Aid -- 3. Private Sector Development -- 4. Rwanda and EAC Integration -- 5. Revenue Mobilization Strategy -- 6. Strengthening the Monetary Policy Framework -- 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, 2010-14 -- 5. 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.
Abstract:
CONTEXTRwanda has enjoyed strong economic performance over the last decade, supported bysignificant external aid and close engagement with the Fund, including under a PSIsince 2010. The authorities have requested a new three-year PSI in support of theirnew poverty reduction strategy (EDPRS 2).KEY CHALLENGESRwanda faces two main economic challenges: In the near term, to maintain macroeconomic stability under uncertain prospects fordonor aid and the global environment. Over the medium term, to sustain strong and inclusive growth and povertyreduction while gradually reducing reliance on aid.MAIN POLICY RECOMMENDATIONS Continue to focus on inclusive growth and policies, while aligning spendingpriorities with available financing. Strengthen domestic resource mobilization by broadening the tax base, introducingcomprehensive tax regimes for agriculture and mining, and strengthening propertytaxation, and further enhancing revenue administration. Further improve public financial management through strengthened informationmanagement systems and capacity building. Modernize the monetary policy framework by injecting greater flexibility andimproving institutional arrangements. Ensure exchange rate flexibility to preserve reserve buffers and enhancecompetitiveness. Further develop financial markets and expand access to financial services.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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Electronic Access:
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