Rwanda Reaches IMF Agreement for $35.7 Million Payout
Rwanda reached a staff-level agreement with the International Monetary Fund to release $35.7 million following a successful review of its loan programme.
The Ministry of Finance and Economic Planning of Rwanda announced on October 6, 2026, that it has reached a staff-level agreement with the International Monetary Fund (IMF) regarding the first review of a 38-month Extended Credit Facility loan programme. The review confirmed that Rwanda met all measurable targets as of June 2026, supported by an economic growth rate of 9.7% during the first half of the year.
Despite the growth, the country faces significant inflationary pressure. Inflation rose to 15.7% in August, surpassing the National Bank of Rwanda's 5% target. Officials attributed this spike to global price pressures on fertilizer and oil.
Pending final approval from the IMF Executive Board in December, the agreement will trigger the release of approximately US$35.7 million. This represents the second of seven planned payments within a larger US$250 million programme. Finance Minister Yusuf Murangwa stated that these funds will help cushion the economy against declining budget support and the impact of the Gulf war.
