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International Monetary Fund. African Dept.
Rwanda’s medium-term outlook is positive, supported by the authorities’ large policy package to respond to the evolving COVID-19 pandemic and their continued commitment to the PCI in a challenging environment. Economic recovery is underway with easing of restrictions supported by faster vaccination rates since July. GDP growth is projected at 10.2 percent in 2021 and inflation remained subdued. But Rwanda’s remarkable economic and social progress over the last two decades faces a significant setback, with poverty, unemployment, and gender inequalities on the rise. These pandemic scars, if not addressed, risk reversing hard-won economic and social gains. With a large share of the population still unvaccinated and the emergence of new variants, risks to the outlook remain elevated.
International Monetary Fund. European Dept.

greenhouse gas (GHG) emissions by 2030 and to achieve net carbon neutrality no later than 2050 . Building on earlier commitments under the Climate Action Plan 2019, this will make Ireland’s climate action agenda one of the most ambitious worldwide. Ireland has already committed to a long-term trajectory of annual increases in the carbon tax rate leading to a rate of €100 per ton in 2030. Budget 2021 has increased the rate by €7.50 to €33.50 as an important first step towards making carbon pricing more effective and places Ireland above the EU average ( Figure 1 ) 3 and

International Monetary Fund. African Dept.

technologies; and (iii) providing training and facilitating access to finance to female entrepreneurs under the ERF-2. The PER, with its focus on increasing the targeting and cost-effectiveness of social spending, especially in health and education sectors, will help ensure human capital investments is sustained and human development priorities under Rwanda’s National Strategy for Transformation (NST) remain on track while also supporting the fiscal consolidation. PS ¶ 31–32 28. Authorities’ ambitious climate action agenda will lay the foundations for more resilient