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Thursday, September 19, 2024

IMF chief to visit Rwanda during visit to Africa

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Kristalina Georgieva the International Monetary Fund (IMF) chief will visit Rwanda later this month after traveling to Zambia.

The information is from sources with the knowledge of her planed trip to Africa.

On Thursday, Georgieva said she would visit Zambia the week after next, but her visit to Rwanda has not been previously established. The IMF chief will travel to Africa after speaking at the World Economic Forum in Davos, Switzerland next week.

Under IMF’s new Resilience and Sustainability Trust(RST), Rwanda was the first African country to receive the global financial organisation’s funding. It was in October last year the organisation reached a staff-level agreement with Rwanda on a 36-month financing package valued at $310 million.

At the time, the IMF said the funding would help the country move forward with its economic reforms and build resilience against climate change.

RST facility is an International Monetary Fund program aimed at helping low-income and vulnerable middle-income countries build resilience to external shocks and ensure sustainable growth, contributing to their longer-term balance of payments stability.

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