IMF warns Rwanda of debt trap risk over $2bn Bugesera airport
Ruben Atoyan, IMF team leader (left), talks with John Rwangombwa, Governor of the Central Bank of Rwanda, and Yusuf Murangwa, Minister of Finance and Economic Planning, on October 22, 2024.
The new $2 billion airport at Bugesera is an ambitious project to turn Rwanda into a regional aviation hub, but the International Monetary Fund (IMF) warns that its cost will add to the country’s public debt.
After selling a 60 percent stake in the airport to Qatar, the two shareholders had to find up to $2 billion, which is the revised cost of completing the airport, expected in 2026.
