Rwanda: Third Review Under the Policy Support Instrument: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Rwanda

International Monetary Fund

No 2012/015, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper presents key findings of the Third Review under the Policy Support Instrument (PSI) in Rwanda. Program performance was broadly satisfactory. All end-June quantitative assessment criteria were met. Structural benchmarks were partially met as the pace of implementation of structural benchmarks has slowed somewhat either owing to technical difficulties or capacity bottlenecks. Fiscal consolidation in FY2011/12 and FY2012/13 remains on track and is expected to further anchor macroeconomic stability. The authorities have introduced additional revenue measures for FY2012/13 to preserve the revenue objective of the PSI.

Keywords: ISCR; CR; government; authority; MEFP; PFM reform strategy; objective of PSI; policy mix; PSI-supported program; inflation driver; results in nonobservance; Inflation; Monetary base; Exchange rate arrangements; Currencies; Foreign assets; Global; East Africa (search for similar items in EconPapers)
Pages: 83
Date: 2012-01-26
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