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Cover -- CONTENTS -- CONTEXT -- RECENT DEVELOPMENTS, OUTLOOK, AND RISKS -- POLICY DISCUSSIONS -- A. Fiscal Policy and Debt Sustainability: Advancing NST Implementation -- B. Monetary Policy: Strengthening the Operational Framework and Developing the Financial Sector -- C. Structural Policies: Encouraging the Private Sector -- PROGRAM MODALITIES AND RISKS -- STAFF APPRAISAL -- BOXES -- 1. National Strategy for Transformation (NST) -- 2. Growth in Rwanda -- 3. Proposed Changes in Rwanda's Fiscal Framework -- 4. Domestic Revenue Mobilization -- 5. BNR's New Monetary Policy Framework -- 6. Financial Sector Development Strategy -- 7. Selected Additional Public Interventions to Bolster Growth and Employment -- FIGURES -- 1. Human Development Indicators in Rwanda -- 2. Selected Development Gains in Rwanda -- 3. Overview of Recent Economic Developments -- 4. Fiscal Developments -- 5. Monetary Developments -- 6. External Developments -- TABLES -- 1. Selected Economic Indicators, 2017-23 -- 2a. Budgetary Central Government Statement of Operations, GFSM 2014 Presentation, 2016/17-22/23 (Billions of Rwandan francs) -- 2b. Budgetary Central Government Statement of Operations, GFSM 2014 Presentation, 2016/17-22/23 (Percent of GDP) -- 2c. Budgetary Central Government Flows, FY16/17-22/23 (Billions of Rwandan francs -- 2d. Budgetary Central Government Flows, FY16/17-22/23 (Percent of GDP) -- 3. Monetary Survey, 2017-20 -- 4. Balance of Payments, 2017-23 -- 5. Financial Soundness Indicators: December 2015-December 2018 -- 6. Schedule of Reviews Under the Policy Coordination Instrument, 2019-22 -- ANNEXES -- I. Implementation of Key Policy Recommendations from the 2017 Article IV Consultation -- II. Spending Needs for Reaching the SDG Goals -- III. Risk Assessment Matrix -- IV. External Sector Assessment -- V. Capacity Development Strategy for FY2020 -- APPENDIX.

This paper discusses Rwandaâ??s First Review Under the Policy Support Instrument. Rwanda continues to face the challenge of sustaining high growth while reducing its reliance on aid and preventing the build-up of imbalances. After using foreign exchange reserves over the past few years to support the economy, the room for maneuver is more limited and it will be important to rebuild policy buffers. Growth is projected to increase to 6 percent in 2014. In the short term, the need to support growth and preserve the level of foreign reserves requires a cautious fiscal stance while maintaining prio

Cover -- Contents -- Acronyms -- I. Executive Summary -- II. Introduction -- III. Legal Framework for Assignment of GFS Compilation Duties -- IV. GFSM 2014 Implementation Plan -- V. Compilation of FY 2013/14 General Government Finance Statistics -- A. Budgetary Central Government -- B. Extrabudgetary Units -- C. Social Security Funds -- D. Local Governments -- VI. Reconciliation of External Resources and Project Expenditure -- VII. Planning a DMX-Based Data Dissemination System -- VIII. Meeting AFR's Fiscal Statistical Requirements -- IX. Resources, Training, and Technical Assistance -- X. Conclusion -- Tables -- 1. FY 2013/14 GFS Source Data by General Government Subsector and Major Economic Classification -- 2. GFS Technical Assistance Activities During 2016 -- Box -- 1. Recommendations -- Appendices -- I. List of Official Met During Mission -- II. Status Update of GFSM 2014 Implementation Plan -- III. Institutional Structure of Rwanda's General Government -- IV. FY 2013/14 Consolidated General Government Finance Statistics Dataset -- V. Roadmap for Implementing DMX Integrated Data Dissemination System -- VI. Documentation of the GFS Compilation Process for FY 2013/14.

Cover -- CONTENTS -- RECENT ECONOMIC DEVELOPMENTS -- PROGRAM PERFORMANCE -- ECONOMIC OUTLOOK AND RISKS -- POLICY DISCUSSIONS -- A. Fiscal Policy-Maintaining the Course of Adjustment -- B. Monetary Policy: Transitioning to Interest Rate-Based Framework -- C. Supporting Initiatives: Compact with Africa and Costing the SDGs -- PROGRAM MODALITIES -- STAFF APPRAISAL -- BOXES -- 1. Rwanda's Export Performance in 2017 -- 2. Drivers of Rwanda's Medium-Term Growth and Vision 2050 -- 3. Overview of the Transition to an Interest Rate-Based Operating Target -- 4. SDG Achievement -- FIGURES -- 1. Overview of Recent Economic Developments -- 2. Fiscal Developments -- 3. Monetary Sector Developments -- 4. External Developments -- TABLES -- 1. Selected Economic Indicators, 2016-20 -- 2a. Budgetary Central Government Flows, FY 2016/17-19/20 (Billions of Rwandan francs) -- 2b. Budgetary Central Government Flows, FY 2016/17-19/20 (Percent of GDP) -- 3a. Financial Operations of the Budgetary Central Government, GFSM 2014 (Billions of Rwandan francs) -- 3b. Financial Operations of the Budgetary Central Government, GFSM 2014 (Percent of GDP) -- 4. Monetary Survey, 2016-19 -- 5. Balance of Payments, 2016-20 -- 6. Financial Soundness Indicators, March 2015 - December 2017 -- 7. Quantitative Program Targets as of End-December 2017 -- 8. Structural Benchmarks through PSI 10 Review -- ANNEX -- I. Capacity Development Strategy for FY 2019 -- APPENDIX -- I. Letter of Intent -- Attachment I. Memorandum of Economic and Financial Policies -- Attachment II. Technical Memorandum of Understanding.

Cover -- Contents -- Acronyms -- Executive Summary -- I. Introduction -- II. Institutional Framework -- III. Institutional Coverage of the Public Sector -- IV. Accounting and Statistical Systems -- V. Chart of Accounts and Bridge Table -- VI. GFSM 2014 Implementation Plan -- VII. Resources, Training, and Technical Assistance -- Table -- 1. GFS Technical Assistance Activities for 2015/16 -- Figure -- 1. Institutional Structure of the Public Sector -- Appendices -- I. List of Officials Met during the Mission -- II. Classification Code Changes from the GFSM 2001 to 2014 Update -- III. Institutional Structure of the General Government -- IV. List of General Government Entities and Public Corporations -- V. Bridge Table(s) Linking National and GFSM 2001 Classifications.

La 4e de couverture indique : "D'avril à juillet 1994, entre 800 000 et 1 million de Tutsi sont exterminés au Rwanda. Le dernier génocide du XXe siècle ne s'inscrit pourtant pas dans une histoire séculaire d'antagonisme ethnique. Il est le produit d'un racisme importé des sciences coloniales et réapproprié par une partie des acteurs politiques rwandais et de la population. Cet ananlyse l'émergence et les évolutions de ce racisme, et la manière dont il conduisit au génocide et fut mis en actes par les pratiques de violence. Il montre ainsi que l'extermination des Tutsi, quoique n'étant pas inéluctable, ne fut ni un accident ni une réaction spontanée. En évoquant aussi bien les tueries au plus près de leurs conditions d'exécution que le rôle des acteurs de l'État et de la communauté internationale, tout particulièrement l'ONU et la France, l'auteur inscrit cet événement au coeur de notre XXe siècle et des enjeux contemporains. L'analyse des questrions mémorielles et judiciaires, et de la sortie du génocide, permet de comprendre que ses conséquences se font ressortir aujourd'hui encore dans tous les aspects de la vie sociale."