The Executive Board of the International Monetary Fund (IMF) today approved the disbursement of $111.06 million (SDR80.1 million) to Rwanda under the Rapid Credit Facility (RCF). This is the second emergency disbursement since the onset of the pandemic and will help finance the country’s urgent balance of payments (BOP) and budget needs. It follows from the Executive Board’s decision on April 9, 2020 to double the annual access limit under the RCF to 100 percent of quota (see IMF Policy Paper No. 20/018 ) and brings the total IMF COVID-19 support to Rwanda to $ 220.46 million.

Fitch Ratings has affirmed Rwanda's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B+' with a Stable Outlook.

Rwanda's central bank lowered its Central Bank Rate (CBR) by 50 basis points to 5.0 percent to help sustain growing domestic demand and help drive inflation towards 3.0 percent in 2019.

The Rwandan central bank decided on Tuesday to maintain the key repo rate at 5.5 percent, citing positive macroeconomic conditions that are expected to continue.Rwanda's economic growth in the second quarter of 2018 was 6.7 percent compared to 4.0 percent in the same period of 2017, John Rwangombwa, governor of the National Bank of Rwanda, told a press briefing following a monetary policy committee meeting of the bank in the capital city, Kigali.