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Rwanda: First Review Under the Policy Support Instrument

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  • International Monetary Fund

Abstract

This paper discusses Rwanda’s First Review Under the Policy Support Instrument. Rwanda continues to face the challenge of sustaining high growth while reducing its reliance on aid and preventing the build-up of imbalances. After using foreign exchange reserves over the past few years to support the economy, the room for maneuver is more limited and it will be important to rebuild policy buffers. Growth is projected to increase to 6 percent in 2014. In the short term, the need to support growth and preserve the level of foreign reserves requires a cautious fiscal stance while maintaining priority spending and leaving scope for private sector credit expansion.

Suggested Citation

  • International Monetary Fund, 2014. "Rwanda: First Review Under the Policy Support Instrument," IMF Staff Country Reports 2014/185, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2014/185
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    Cited by:

    1. Gerson Nhapulo & João Nicolau, 2017. "Assessing Nonlinear Dynamics of Central Bank Reaction Function: The Case of Mozambique," South African Journal of Economics, Economic Society of South Africa, vol. 85(1), pages 28-51, March.

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