Rwanda: First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria
Volume/Issue:
Volume 2003
Issue 192
Publication date: June 2003
ISBN: 9781451833263
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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 , priority expenditure , arrears , PRGF-supported program , Rwandese authority , Rwandese authorities , government operation , Poverty reduction strategy , Poverty reduction , Exports , East Africa
Summary
This paper assesses Rwanda’s First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF) and Request for Waiver of Performance Criteria. Performance under the PRGF-supported program has been encouraging. However, poverty is pervasive, and the economy, which remains heavily dependent on rain-fed agriculture and external assistance, is vulnerable to changes in climate and in international developments. The 2003 program supports critical operations envisaged under the Poverty Reduction Strategy Paper, including the transition to democracy and military demobilization.
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