IMF approves long-term resilience loan for Rwanda
Fund urges “more decisive monetary tightening”
The International Monetary Fund board approved $319 million in lending for Rwanda under its new Resilience and Sustainability Facility (RSF) on December 12. Rwanda is the first African country to get RSF funding, which provides long-term support for programmes to mitigate complex problems like climate change.
The RSF funding will support greener fiscal policy and public sector investment, specifically by developing and improving “transparency and accountability” in climate programmes.
The IMF
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