Rwanda: Sixth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waivers of Nonobservance of Performance Criteria: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Rwanda

International Monetary Fund

No 2009/264, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses key findings of the Sixth Review under the Poverty Reduction and Growth Facility (PRGF) for Rwanda. All end-2008 quantitative performance criteria were met, and performance through March 2009 was broadly satisfactory. IMF staff recommends completion of the sixth review under the PRGF arrangement based on Rwanda’s performance and understandings reached on the macroeconomic program for 2009/10. IMF staff also supports the authorities’ request for waivers of nonobservance of performance criteria on nonconcessional borrowing and nonintroduction of multiple currency practices.

Keywords: ISCR; CR; government; PRGF arrangement; government deposit; PRGF; Rwanda; priority spending; Rwandan authorities; executive board discussion; authorities' strong belief; monetary program; development goal; Commercial banks; Monetary base; Current spending; Total expenditures; Global (search for similar items in EconPapers)
Pages: 67
Date: 2009-08-20
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