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

November 30, 2017

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Format: Chicago

Rwanda: Request for Extensions of the Standby Credit Facility Arrangement and the Policy Support Instrument-Press Release and Staff Report, (USA: International Monetary Fund, 2017) accessed November 21, 2024

Summary

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.

Subject: Balance of payments, Banking, Current account imbalances, External position, Poverty, Poverty reduction strategy

Keywords: Ad referendum understanding, Adjustment policy, CR, Current account imbalances, Global, ISCR, Poverty reduction strategy, Psi for Rwanda, Rwanda's quota, SCF arrangement, Support poverty reduction

Publication Details

Pages:

5
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/356
Stock No:

1RWAEA2017004
ISBN:

9781484330890
ISSN:

1934-7685

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