Rwanda: Request for a 38-Month Arrangement Under the Extended Credit Facility; Press Release; Staff Report; and Statement by the Executive Director for Rwanda

International Monetary Fund

No 2026/139, IMF Staff Country Reports from International Monetary Fund

Abstract: Rwanda’s economy remains resilience in the face of multiple shocks. The authorities under the 36-month Policy Coordination Instrument (PCI), completed in December 2025, sustained a strong track record of policy implementation which anchored macroeconomic stability. However, sustaining development ambitions while building buffers has proven more challenging given tighter financing conditions. The war in the Middle East only compounds these challenges. As a result, with Rwanda facing a protracted balance-of-payments need, the authorities have requested a 38‑month Extended Credit Facility (ECF) arrangement to provide temporary financing and a credible policy anchor to support orderly adjustment. The authorities consider the ECF to be the most suitable instrument to address their needs at this juncture.

Keywords: Rwandese authorities; inflation risk; monetary policy framework; Staff assessment; inflation expectation; policy agenda; structural reform; expenditure side; Fiscal risks; Inflation; Debt sustainability; Middle East; Global (search for similar items in EconPapers)
Pages: 108
Date: 2026-06-12
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