IMF Staff Country Reports

Rwanda: 2023 Article IV Consultation, Second Reviews Under the Policy Coordination Instrument and the Arrangement Under the Resilience and Sustainability Facility, Requests for the Modification of End December 2023 Quantitative Targets, Rephasing of Access Under the Resilience and Sustainability Facility, and Request for an Arrangement Under the Standby Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Rwanda

December 18, 2023

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Rwanda: 2023 Article IV Consultation, Second Reviews Under the Policy Coordination Instrument and the Arrangement Under the Resilience and Sustainability Facility, Requests for the Modification of End December 2023 Quantitative Targets, Rephasing of Access Under the Resilience and Sustainability Facility, and Request for an Arrangement Under the Standby Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Rwanda, (USA: International Monetary Fund, 2023) accessed December 22, 2024

Summary

The Rwandan economy is undergoing challenging times. Development needs remain large and compounded shocks in recent years resulted in emerging internal and external imbalances. Devastating floods from May 2023 amplified the underlying imbalances, and the reconstruction costs are projected to be substantial. Against this backdrop, the authorities requested a new Fund financing arrangement to safeguard macroeconomic and external stability in the near term. A 3-year Policy Coordination Instrument (PCI) and Resilience and Sustainability Facility (RSF) arrangements were approved in December 2022.

Subject: Climate finance, Debt sustainability analysis, Environment, External debt, International organization, Monetary policy, Natural disasters, Public debt

Keywords: Africa, Climate commitment, Climate finance, Debt sustainability analysis, Global, IMF TA mission, National bank of Rwanda, Nationally determined contributions, Natural disasters, PCI reform target, RSF performance, RSF reform measure, Rwanda delegation

Publication Details

  • Pages:

    140

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2023/422

  • Stock No:

    1RWAEA2023003

  • ISBN:

    9798400260995

  • ISSN:

    1934-7685

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