Rwanda: 2025 Article IV Consultation and Sixth Review Under the Policy Coordination Instrument-Press Release; and Staff Report

Rwanda’s strong transformation over the past two decades has been underpinned by sustained economic growth and improved living standards. Growth has averaged 6–9 percent, driven by exports and infrastructure investment, and supported by improvements in health and education outcomes, though structural challenges and fiscal pressures from successive shocks persist amid reduced policy buffers. Close engagement with the IMF through the Policy Coordination Instrument (PCI), Resilience and Sustainability Facility (RSF), and Standby Credit Facility (SCF) has helped preserve macroeconomic stability and resilience amid natural disasters and global headwinds. As the PCI finalizes, focus now shifts to financing priorities under the Second National Strategy for Transformation, including large infrastructure projects such as the New Kigali International Airport, while safeguarding debt sustainability, strengthening domestic revenue mobilization, and advancing inclusive, climate-resilient growth.