Rwanda: Fourth Review Under the Policy Coordination Instrument, Second and Final Review Under the Stand-By Credit Facility Arrangement, Fourth and Final Review Under the Arrangement Under the Resilience and Sustainability Facility, and Request for the Modification of End-June 2025 Quantitative Target for the Policy Coordination Instrument-Press Release; Staff Report; and Statement by the Executive Director for Rwanda
IMF Staff Country Reports, December 16, 2024
Source details
- Canonical URL
- Rwanda: Fourth Review Under the Policy Coordination Instrument, Second and Final Review Under the Stand-By Credit Facility Arrangement, Fourth and Final Review Under the Arrangement Under the Resilience and Sustainability Facility, and Request for the Modification of End-June 2025 Quantitative Target for the Policy Coordination Instrument-Press Release; Staff Report; and Statement by the Executive Director for Rwanda
Other formats
Bibliographic details
- Authors: Credit Facility Arrangement
- Published: December 16, 2024
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400295393.002
Economic performance and vulnerabilities
- Despite a challenging external environment, Rwanda's economy has maintained robust growth, driven by strong performance of the services and construction sectors, and a recovery in food crop production.
- Rwanda’s economic growth continues to be among the strongest in the Sub-Saharan African region.
- Fiscal and external vulnerabilities remain high.
Program performance and reforms
- Program performance under the PCI/SCF has been strong.
- Reforms successfully enhanced public investment transparency and foreign exchange market functioning.
- The RSF has been successfully completed ahead of schedule, with all reform measures implemented six months early.
- Rwanda continues to lead in climate initiatives, driving institutional reforms, and innovative climate finance mobilization.
Policy priorities and recommendations
- To facilitate adjustment and rebuild policy buffers, fiscal consolidation needs to accelerate.
- Stronger focus on domestic revenue mobilization is recommended.
Content in this bundle
- Rwanda: Executive Summary