Rwanda : Staff Report for the 2017 Article IV Consultation, Seventh Review Under the Policy Support Instrument, and Second Review Under the Standby Credit Facility- Press Release; Staff Report; and Statement by the Executive Director for Rwanda

Author/Editor:

International Monetary Fund. African Dept.

Publication Date:

July 13, 2017

Electronic Access:

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Summary:

Rwanda has demonstrated strong macroeconomic policy management and implemented an ambitious development strategy that has resulted in high and inclusive growth, lower poverty, and better living standards. The government is drafting a new long-term development strategy aimed at reaching upper middle-income status by 2035. Reforms should build on progress achieved, including: continuing to reorient the economy toward higher value-added activities; further bolstering gender equality through greater inclusion in structural transformation; advancing the use of technology to increase access to financial institutions; and fostering the development of securities markets. Main risks to economic growth continue to be shocks affecting agriculture, regional security issues, and external changes to development assistance.

Series:

Country Report No. 17/217