IMF approves $250m for Rwanda as growth outlook softens

imf International Monetary Fund headquarters washington dc

The International Monetary Fund logo. IMF approves $250m programme for Rwanda to support reforms, growth and fiscal stability amid global economic headwinds.

Photo credit: AFP

The International Monetary Fund (IMF) has approved a new $250 million (SDR 185.031 million) financing programme for Rwanda, with an immediate disbursement of $35.7 million (SDR 26.433 million).

The funding, under a new three-year Extended Credit Facility (ECF) programme, aims to sustain Rwanda’s reform momentum, support sound macroeconomic adjustment and rebuild policy buffers, while managing the impact of the war in the Middle East.