HomeAfricaIMF Approves Rwanda’s $250m Credit Facility

IMF Approves Rwanda’s $250m Credit Facility

The International Monetary Fund (IMF) has approved Rwanda’s request for a new $250 million, 38-month Extended Credit Facility (ECF) to help the country navigate tighter global financial conditions.

In a statement, the IMF said its Executive Board approved the financing arrangement and authorised the immediate disbursement of $35.7 million. The facility is expected to support Rwanda’s economic reforms, strengthen resilience to external shocks, and help maintain macroeconomic stability amid ongoing global economic challenges.

The IMF statement gave the following details about Rwanda’s economy:

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Rwanda’s economic growth far surpassed expectations to reach 9.4 per cent in 2025, but the war in the Middle East was expected to slow growth to below 6.8 per cent in 2026.

Higher global oil and fertilizer prices caused by the war are fueling inflation and fiscal pressures.

IMF Deputy Managing Director Bo Li said risks to the Rwandan economy were tilted to the downside, and urged Rwandan authorities to focus on fiscal consolidation, increasing revenue sources and enhancing monitoring of capital spending and other fiscal risks.

Any support measures aimed at mitigating the impact of the war should remain targeted, temporary, and consistent with the fiscal framework, Li said in a statement.

 

 

SourceNAN
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