Rwanda: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Nonobservance of Performance Criterion and Modification of Performance Criteria: Staff Report; Staff Statement; Press Rel

Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Nonobservance of Performance Criterion and Modification of Performance Criteria: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Rwanda

Author: International Monetary Fund

Volume/Issue: Volume 2008 Issue 222

Publication date: July 2008

ISBN: 9781451833478

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Topics covered in this book

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Banks and Banking , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , Public Policy - Social Services and Welfare , ISCR , CR , authority , PRGF , food price index , WEO oil price projection , core inflation , monetary policy , private sector development , PRGF loan , development partner , Monetary base , Total expenditures , Capital spending , Poverty reduction strategy , Global , East Africa

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Summary

This paper discusses key findings of the Fourth Review Under the Poverty Reduction and Growth Facility (PRGF) for Rwanda. All but one of the end-2007 quantitative performance criteria were met. IMF staff supports the authorities’ request for a waiver of the nonobservance of the performance criterion on net credit to government. IMF staff also recommends completion of the Fourth Review under the PRGF arrangement based on Rwanda’s performance and understandings reached on the macroeconomic and structural program for 2008.