Rwanda: Fifth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Requests for Waivers of Nonobservance of Performance Criteria

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 333

Publication date: September 2005

ISBN: 9781451833386

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Topics covered in this book

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Banks and Banking , Exports and Imports , Inflation , Money and Monetary Policy , Public Finance , Public Policy - Social Services and Welfare , ISCR , CR , PRGF loan , policy implementation , genocide suspect , Rwanda's PRGF arrangement , PRGF-supported program , Monetary base , Poverty reduction strategy , Inflation , Africa

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Peru

Grenada

Republic of Congo : 2001 Article IV

Summary

This paper focuses on Rwanda’s Fifth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF) and Request for Waiver of Nonobservance of Performance Criteria. Macroeconomic performance of Rwanda remains broadly on track. Real growth in 2004 is estimated at 4 percent, mainly driven by strong activity in construction, transport, and communication. Policy implementation remained satisfactory. All but two performance criteria for the fifth review were met. Both deviations were temporary, and IMF staff recommends waivers.