Source: International Monetary Fund (IMF) |

Looking Ahead to Chart Today’s Course: The Future of Work in sub-Saharan Africa

Opening Remarks by Christine Lagarde, Managing Director, International Monetary Fund

As Prepared for Delivery Introduction Thank you, Minister Gyan-Baffour, for that kind introduction. I would like to extend my sincere gratitude to Vice-President Bawumia and the Ghanaian government for co-hosting this conference with the IMF. Your excellency, Vice-President Bawumia, Minister Gyan-Baffour, honored guests — it is my pleasure to welcome…

Source: International Monetary Fund (IMF) |

IMF Staff Completes Review Visit to Rwanda

Growth in 2017 is expected to be 5.2 percent, well above growth averages for sub-Saharan Africa and an acceleration in the medium term will lead to average growth above 7 percent over the next three years

The IMF team reached preliminary agreement with the government on policies that could support completion of the eighth and third reviews of Rwanda’s PSI- and SCF-supported programs. Growth in 2017 is expected to be 5.2 percent, well above growth averages for sub-Saharan Africa and an acceleration in the medium term…

Source: International Monetary Fund (IMF) |

Peer-Learning Event on Gender Equality

Over the past two decades, Rwanda has emerged as a leader in advancing gender equality and is ranked among the top performing countries for women’s economic and political representation globally

The International Monetary Fund (IMF), the Rwanda Ministry of Gender and Family Promotion (MIGEPROF), UN Women and Uongozi Institute convened a peer learning event on gender equality in Kigali, Rwanda, November 2 to 4. The workshop aimed at: disseminating best-practices in promoting gender equality beyond the dissemination of theoretical approaches;…

Source: International Monetary Fund (IMF) |

Rwanda Implements the IMF’s Enhanced General Data Dissemination System

This marks the culmination of recent efforts by the principal statistical agencies working together to publish the data recommended under the International Monetary Fund’s (IMF) enhanced General Data Dissemination System (e-GDDS), while utilizing the Statistical Data and Metadata Exchange

On September 22, 2017, the authorities of Rwanda began publishing important macroeconomic data on the website of the National Institute of Statistics—the National Summary Data Page (NSDP). This marks the culmination of recent efforts by the principal statistical agencies working together to publish the data recommended under the International Monetary…

Source: International Monetary Fund (IMF) |

IMF Executive Board Completes Seventh PSI Review, Second Review Under the Standby Credit Facility, and Concludes 2017 Article IV Consultation with Rwanda

Growth slowed in 2016, with recovery expected in 2017-18 due to strong harvests and domestic production

Program implementation has been strong, with almost all targets met. Rwanda’s adjustment policies are making notable progress in reversing external imbalances. Growth slowed in 2016, with recovery expected in 2017-18 due to strong harvests and domestic production. To achieve the country’s goal of upper middle income status, it will be…

Source: International Monetary Fund (IMF) |

IMF Staff Completes 2017 Article IV Consultation and Review Mission to Rwanda

Rwanda’s external trade deficit was lower than expected in 2016, following a strong pick up in goods and services exports, combined with reduced demand for imports

The IMF team reached preliminary agreement with the government, subject to approval by IMF management and its Executive Board, on policies that could support completion of the seventh and second reviews of Rwanda’s PSI- and SCF-supported programs.  Growth in 2016 was 5.9 percent, down from 2015, but comparing favorably to…

Source: International Monetary Fund (IMF) |

Germany and IMF Strengthen Capacity Development Cooperation in Africa

The Compact with Africa is an initiative launched under Germany’s G-20 Presidency in December 2016 and aims to boost private investment and increase infrastructure development in Africa

The IMF welcomes Germany’s commitment to strengthening its collaboration with the IMF on capacity development. Wolfgang Schäuble, Germany’s Federal Minister of Finance and Christine Lagarde, Managing Director of the International Monetary Fund (IMF), today signed a Letter of Understanding whereby the German Ministry of Finance will provide €15 million in support…

Source: International Monetary Fund (IMF) |

IMF Executive Board Completes Sixth PSI Review and First Review Under the Standby Credit Facility for Rwanda

The main near-term objective of the current programs is to respond to adverse global developments, most notably commodity prices, which has led to growing external imbalances, resulting in pressure on the Rwandan franc and the banking system’s foreign exchange reserves

The Executive Board of the International Monetary Fund (IMF) today completed the sixth review of Rwanda’s performance under the Policy Support Instrument (PSI)[1]  and the first review of the arrangement under the Standby Credit Facility (SCF)[2]. The Board’s decision was taken on a lapse of time basis.[3]   Requests for…

Source: International Monetary Fund (IMF) |

Statement by IMF Managing Director Christine Lagarde at the Conclusion of her Meetings with the Heads of States of Central Africa

Ms. Christine Lagarde, Managing Director of the International Monetary fund (IMF), issued the following statement today in Yaoundé after her participation to a Heads of States of Central summit: “Discussions during today’s summit in Yaoundé today have been very fruitful. We discussed the economic impact on the six Central African…

Source: International Monetary Fund (IMF) |

IMF Staff Conclude Review Visit to Rwanda

Rwanda’s economic performance remains strong, with GDP growth of 6.5 percent in the first half of 2016

An International Monetary Fund (IMF) team, led by Laure Redifer, visited Kigali from October 19-November 2, 2016 to carry out discussions with the Rwandan authorities on the sixth review of their economic and financial program supported by the IMF’s Policy Support Instrument (PSI)[1], and the first review of policies supported…