Rwanda: Fifth Review Under the Policy Coordination Instrument and Request for the Modification of End-June 2025 Quantitative Target-Press Release; Staff Report; and Statement by the Executive Director for Rwanda

Volume/Issue: Volume 2025 Issue 127

Publication date: June 2025

ISBN: 9798229013918

$20.00

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Topics covered in this book

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Exports and Imports , Economics- Macroeconomics , Public Finance , Fiscal risks , Public Financial Management , Loans , Fiscal consolidation , Debt sustainability , Government debt management , Public and publicly-guaranteed external debt , Debt sustainability analysis , Debt service

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Summary

Despite a challenging external environment, Rwanda's economy grew by 8.9 percent in 2024, driven by robust performances in services, construction, and food crop production. Inflation stabilized within the central bank’s target range, underpinned by a combination of tight monetary policy and favorable food prices. Looking ahead, implementing priorities under the Government’s Second National Transformation Strategy will require significant financing, including for key investment projects such as the second phase of construction of the New Kigali International Airport and the expansion of RwandAir. The authorities remain firmly committed to advancing their ambitious structural reform agenda, supported by the Policy Coordination Instrument (PCI).