The International Monetary Fund (IMF) has approved the disbursement of $181.7 million to Rwanda following the completion of its executive board’s reviews of the country’s economic support programs.
In a statement released late Friday, the IMF said the funds were allocated after the fourth review of Rwanda’s Policy Coordination Instrument and Resilience and Sustainability Facility, alongside the second review under the Standby Credit Facility.
The IMF reaffirmed Rwanda’s impressive economic growth projections, estimating an 8.3% expansion in 2024, up from 8.2% in 2023, with a forecast of 7.0% growth in 2025.
“Rwanda’s economy has demonstrated resilience, bolstered by strong growth in key sectors and a rebound in agricultural production. Inflation has remained stable within the central bank’s target range, supported by effective monetary policy measures,” the statement noted.
However, the IMF highlighted ongoing external vulnerabilities, including a widening current account deficit and pressures on the exchange rate.
Rwanda’s economy is primarily driven by agriculture, mining, tourism, and manufacturing, sectors that have played a crucial role in its continued recovery and resilience.
