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Rwanda Rugali
Donor Diplomacy

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More than half of the total budget was to come from outside Rwanda 

J. Wolfensohn, Pres. of the World Bank
wolfensohn1.jpg
In Kigali last July

Donor diplomacy

Donors heaped praise on Finance Minister Donald Kaberuka's Poverty Reduction Strategy Paper launched in Kigali late last month. Nevertheless, they balked at the US$250 million price tag which Kaberuka attached to the programme. The International Monetary Fund, about to open negotiations with Kigali for a new three-year Poverty Reduction and Growth Facility, worries about a widening of the budget deficit in 2002. Under the previous agreement, the deficit was meant to go down; Kaberuka insists that high spending is exceptional and unavoidable. The negotiations promise to be difficult. Yet Rwanda's macro-economic performance is strong enough ­ gross domestic product has grown by about 6 per cent this year ­ to ensure a deal next year.

http://www.africa-confidential.com/country.asp?ID=39

Vol 43 Number 8 - 19 April 2002

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