Source: REUTERS
The International Monetary Fund has said it will release $181.7 million in funds to Rwanda after its executive board concluded reviews of the country’s support programmes.
The board said in a statement late on Friday it was releasing the funds after its completion of its fourth review of Rwanda’s Policy Coordination Instrument and the Resilience and Sustainability Facility and second review under the Standby Credit Facility.
The fund reiterated Rwanda’s economic growth forecast of 8.3% this year and 7.0% in 2025, from growth of 8.2% last year, the IMF said.
“Rwanda’s economy has shown resilience, supported by robust growth in key sectors and a recovery in agricultural production. Inflation has remained stable within the central bank’s target range, reflecting effective monetary policy actions,” it said.
“However, the economy continues to face external vulnerabilities, including a widening current account deficit and exchange rate pressures.”
AUTHOR: REUTERS
