Rwanda: Second and Third Reviews Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Request for Waiver of Performance Criteria, and Request for Additional Interim Assistance Under the Enhanced HIPC Initiative
Volume/Issue:
Volume 2004
Issue 270
Publication date: August 2004
ISBN: 9781451833270
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Topics covered in this book
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Business and Economics , Political Science , Banks and Banking , Exports and Imports , Money and Monetary Policy , Public Finance , Public Policy - Social Services and Welfare , ISCR , CR , government , PRGF arrangement , PRGF loan , investor bid , due diligence study , commercial bank bank reserves , Rwandese authorities , Commercial banks , Monetary base , Poverty reduction strategy , Africa
Summary
Rwanda’s Second and Third Reviews under the Poverty Reduction and Growth Facility, and request for Waiver of Performance Criteria are discussed. After an extended period characterized by a strong expansion of economic activity, real GDP growth is estimated by IMF staff to have slowed to 0.9 percent in 2003. On the structural side, performance criteria on the revision of the tax law and preparation of the financial instructions for more effective expenditure management have been met.
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