The Rwandan economy continues its robust growth, notwithstanding the challenging external environment, repeated shocks, and ongoing fiscal consolidation. Headline inflation decelerated sharply in recent months owing to appropriately tight monetary policy stance and favorable developments in food...

This Selected Issues paper focuses on the costing and financing of social development goals (SDG) in Comoros. Comoros is committed to achieve SDGs, but progress has been limited. This paper uses two models-a costing model and a financing model-to illustrate the large costs of reaching some of...

This paper highlights Union of the Comoros' 2023 Article IV Consultation, First Review under the Extended Credit Facility (ECF) Arrangement, Requests for Waivers of Nonobservance of Performance Criteria, and Modifications of Performance Criteria. Performance under Comoros's economic reform...

This Selected Issues paper revisits Rwanda's options to create fiscal space to meet long-term development challenges. It examines strategies and options for a credible and comprehensive domestic revenue mobilization. The paper analyzes the driving factors of past reform successes and use an...

This paper presents Rwanda's 2023 Article IV Consultation, Second Reviews under the Policy Coordination Instrument and the Arrangement under the Resilience and Sustainability Facility, Requests for the Modification of End December 2023 Quantitative Targets, Rephasing of Access under the...

This paper presents Union of Comoros' request for a 4-year arrangement under the Extended Credit Facility (ECF). The ECF-supported program will help preserve Comoros' macroeconomic stability and implement the authorities' plans for fiscal consolidation, financial sector stabilization, and...

This paper presents Rwanda's First Reviews under the Policy Coordination Instrument and the Arrangement under the Resilience and Sustainability Facility, Request for the Modification of End-June 2023 Quantitative Targets, and Rephasing of Access under the Resilience and Sustainability Facility....

This paper discusses Union of The Comoros' Second Review under the Staff-Monitored Program (SMP). The implementation of the SMP, which supported the government's reform program during 2021-2022, was broadly satisfactory, with most quantitative targets and structural benchmarks being met on time....

The Comorian authorities have made steady progress in fiscal consolidation, reinvigorated their structural reform agenda, and gathered strong public support for sound macroeconomic policies. Macroeconomic developments have been largely positive, mostly thanks to improved policies. External...