Rwanda : third review under the policy support instrument : staff report, staff supplement, press release on the executive board discussion, and statement by the executive director for Rwanda.

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Bibliographic Details
Imprint:	Washington, D.C. : International Monetary Fund, 2012.
Description:	1 online resource (1 volume (various pagings)) : color illustrations
Language:	English
Series:	IMF country report ; no. 12/15 IMF country report ; no. 12/15.
Subject:	Economic history. Rwanda -- Economic conditions. Rwanda.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12500842

Hidden Bibliographic Details
ISBN:	9781463993481 146399348X 1463984952 9781463984953 9781463989545 1463989547 1463934513 9781463934514 9781463934514
Notes:	English. Online resource; title from PDF title page (IMF, viewed May 28, 2014).
Summary:	This paper presents key findings of the Third Review under the Policy Support Instrument (PSI) in Rwanda. Program performance was broadly satisfactory. All end-June quantitative assessment criteria were met. Structural benchmarks were partially met as the pace of implementation of structural benchmarks has slowed somewhat either owing to technical difficulties or capacity bottlenecks. Fiscal consolidation in FY2011/12 and FY2012/13 remains on track and is expected to further anchor macroeconomic stability. The authorities have introduced additional revenue measures for FY2012/13 to preserve the revenue objective of the PSI.
Standard no.:	10.5089/9781463989545.002

Table of Contents:

Cover
Contents
Executive Summary
I. Recent Developments and Program Performance
II. Policy Discussions
A. Overview and Outlook
B. Enhancing Revenue Mobilization to Support Fiscal Consolidation
C. Enhancing Monetary Policy Framework and Implementation
D. Financial Sectorâ€?Next Steps After 2011 FSAP Update
E. Securing Financing in a Challenging Global Financial Environment
F. Furthering the Structural Reform Agenda to Support Policy Objectives
III. Risks to the Program
IV. Program issues
V. Staff Appraisal
Boxes
1. Assessing Underlying Inflationary Pressures on the Basis of Various Measures of Core Inflation2. Determinants of Growth of Currency in Circulation
3. Possible Spillovers from Adverse Global Economic Developments
4. Challenges of Developing the Interbank Money Market
Figures
1. Recent Performance
2. Selected High Frequency Indicators of Economic Activity, Jan 2008â€?Sep 2011
3. Fiscal Developments, 2005/6â€?2011/12
4. Monetary and Financial Developments
5. Medium-Term Outlook, 2008â€?16
Tables
1. Selected Economic and Financial Indicators, 2008â€?162. Balance of Payments, 2007â€?16
3. Operations of the Central Government, Fiscal Year Basis, 2006/07â€?2015/16
4. Monetary Survey, 2006â€?13
5. Financial Soundness Indicators for Banking Sector, 2006â€?11
Appendix
Letter of Intent
Attachment I. Memorandum of Economic and Financial Policies
Attachment II. Technical Memorandum of Understanding
Contents
I. Relations with the Fund
II. Joint Bankâ€?Fund Work Program

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