Rwanda Scoops Bulk of IMF Debt Relief Millions
Rwanda is set to benefit from multi-million debt service relief from the International Monetary Fund for an initial period of six months, the IMF has said in a statement. The development follows its approval for a third tranche of grants for debt service relief, for 28 member countries, under the Catastrophe Containment and Relief Trust (CCRT). This is the third debt service relief to Rwanda. It is part of the Fund's efforts to pause the collection of debts from a number of countries to help them deal with the impact of the Covid-19 pandemic. As of April 13, 2021 Rwanda recorded 23,535 Covid-19 cases, 21,272 recoveries and 316 deaths.
-
Rwanda:
Rwanda to Get Over $42 Million Debt Relief From IMF
New Times, 12 April 2021
Rwanda is set to benefit from a $42.76 million debt service relief from the International Monetary Fund (IMF) for an initial period of six months, the Fund said in a statement. Read more »
-
East Africa:
Rwanda Tops Region, Takes Bulk of U.S.$142 Million IMF Debt Relief
East African, 12 April 2021
Countries in the region led by Rwanda and Tanzania are drawing benefits from over $142.7 million in debt relief from the International Monetary Fund (IMF). Read more »
-
Kenya:
Treasury Adds Sh81 Billion to Debt in April Bond Sale
Nation, 9 April 2021
The National Treasury exceeded its target from the April infrastructure bond (IFB) issue by Sh21.9 billion, pointing to increased appetite for domestic borrowing amid expanded… Read more »
-
Uganda:
Uganda's Debt Spills Over Amid Shrinking Revenue, Rising Expenditure
Monitor, 5 April 2021
The government last week secured a $130m (Shs472b) loan syndicated by local commercial banks as its initial financial commitment to the proposed East African Crude Oil Pipeline… Read more »
-
South Sudan:
S.Sudan to Use U.S.$174 Million IMF Grant to Fund Its Budget
Nation, 2 April 2021
South Sudan unity government says it will use the recent International Monetary Fund $174.2million grant to support its budget, pay arrears and strengthen measures of addressing… Read more »
InFocus
-
To get the latest U.S.$2 billion loan from the International Monetary Fund, the national treasury has reportedly promised to control the government wage bill - a signal of tough ... Read more »
-
The executive boards of the World Bank and International Monetary Fund (IMF) declared Sudan eligible for debt relief under the Enhanced Heavily Indebted Poor Countries (HIPC) ... Read more »
-
The U.S. has removed Sudan from its blacklist of state sponsors of terrorism after nearly three decades. This does not mean that its extensive debt owed to various international ... Read more »
-
Since the start of the global Covid-19 pandemic, developed countries have injected an unprecedented US$9 trillion into their economies to st Read more »
-
South Sudan has secured a U.S.$52.3 million loan from the International Monetary Fund (IMF) to address its urgent balance of payments needs. Announcing the loan approval ... Read more »
Loading exports at Magerwa (file photo).