There were 2,050 press releases posted in the last 24 hours and 433,637 in the last 365 days.
Rwanda : First Review of the Standby Credit Facility Arrangement and Sixth Review Under the Policy Support Instrument, Request for Waiver and Modification of Performance and Assessment Criteria-Press Release; and Staff Report
Summary:The authorities’ policy adjustment program is producing early results. By end-October, the exchange rate had depreciated more than expected for the year, and fiscal and monetary policies were tightened in line with the agreed program. During the first 10 months of the year, import volumes contracted, despite large public investment projects, and export volumes improved, despite continued difficulties in the mining sector. Growth began decelerating in Q2, in line with expectations. Inflation has picked up, mainly as a result of food shortages stemming from drought, and to a lesser extent exchange rate pass—through. The 2016 current account balance will improve slightly less than envisaged with a higher services deficit, but medium term improvement is in line with the program.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability
for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this
article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
