IMF completes review of Rwanda sustainability loan, enabling $98.6 million disbursement

Reuters

WASHINGTON (Reuters) – The International Monetary Fund said on Wednesday its executive board completed the first reviews of Rwanda’s loan program under the Resilience and Sustainability Facility and an accompanying policy program, allowing for an immediate, $98.6 million disbursement.

In a statement, the Fund said Rwanda’s economy had robust growth in 2022 but faced challenges from recent disastrous floods that add to previous spending pressures after overlapping crises.

The country’s reforms under the Policy Coordination Instrument program were broadly on track and authorities’ “commitment to advancing the climate agenda has been very strong,” it added.

Related News:   New Restaurant Joins Brick Township's Business Tax Relief Program

(Reporting by David Lawder; Editing by Chris Reese)

tagreuters.com2023binary_LYNXMPEJ4N0R2-BASEIMAGE


You appear to be using an ad blocker

Shore News Network is a free website that does not use paywalls or charge for access to original, breaking news content. In order to provide this free service, we rely on advertisements. Please support our journalism by disabling your ad blocker for this website.