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

December 20, 2013

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Format: Chicago

Rwanda: Seventh Review Under the Policy Support Instrument, Request for a Three-Year Policy Support Instrument and Cancellation of Current Policy Support Instrument, (USA: International Monetary Fund, 2013) accessed November 21, 2024

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.

Subject: Financial institutions, Loans, Monetary base, Money, Poverty, Poverty reduction strategy, Public financial management (PFM), Revenue administration

Keywords: CR, Global, Government, Government's effort, ISCR, Loans, Monetary base, Policy, Policy dialogue, Policy priority, Poverty reduction strategy, PSI program, Rwandan authorities, Sound policymaking, Sub-Saharan Africa

Publication Details

Pages:

100
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/372
Stock No:

1RWAEA2013005
ISBN:

9781484323380
ISSN:

1934-7685

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