Rwanda is in talks with the International Monetary Fund for a short-term credit facility to help it support its foreign exchange reserves in anticipation of them dwindling in future, Finance Minister Claver Gatete said on Friday.
Country in talks with IMF for short-term facility to support forex reserves
He did not say how much Rwanda is seeking from IMF, or when the deal might be finalised, but said a decision would be taken soon.
A photographer takes pictures through a glass carrying the International Monetary Fund (IMF) logo during a news conference in Bucharest in a file photo.
"This is a stand-by short term credit facility. Our situation is still okay. It is still okay because we normally have four-months of imports in terms of reserves," Gatete told a news conference after presenting budget proposals to parliament.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Gov Alia vows to demolish property housing kidnappers, Yahoo boys in Benue
Tinubu appoints former Rivers lawmaker, ex-Naval officer as heads of NESREA, NDRBDA
Court accuses EFCC boss of contempt over handling of Yahaya Bello's case
Fubara donates ₦350m as Navy moves training headquarters from Lagos to Rivers
Bandits invade Defence Minister's hometown, kill 1, abduct scores
Cardiologist bags 4-year jail term over patient deaths
We must continue to support President Tinubu - Ododo tells Kogi residents
Tinubu appoints Zenith Bank founder Jim Ovia to chair student loan fund
Husband begs IGP to find his wife who went missing on official police duty
ADVERTISEMENT