Rwanda: Request for Extensions of the Standby Credit Facility Arrangement and the Policy Support Instrument-Press Release and Staff Report

International Monetary Fund

No 2017/356, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses Rwanda’s Request for Extensions of the Standby Credit Facility (SCF) Arrangement and the Policy Support Instrument. The SCF is aimed at complementing the authorities’ efforts to address growing external imbalances. Both near and medium term adjustment policies to position Rwanda’s external position on a sustainable basis are part of an overall strategy to support growth, support poverty reduction and improve the country’s resilience to future uncertainties in the global economy. Program performance is on track. All continuous and end-June 2017 quantitative assessment/performance criteria were met, as were almost all indicative targets. Most structural benchmarks have already been met or are in progress. The IMF staff supports the authorities’ request for the extensions through January 31, 2018.

Keywords: ISCR; CR; SCF arrangement; ad referendum understanding; adjustment policy; Rwanda's quota; support poverty reduction; psi for Rwanda; Poverty reduction strategy; Current account imbalances; Global (search for similar items in EconPapers)
Pages: 5
Date: 2017-11-30
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