The International Monetary Fund (IMF) has solidified its commitment to assisting Rwanda through financial challenges. In a recent development, the IMF has reached a preliminary agreement with the East African nation, promising a $262 million Standby Credit Facility (SCF).
According to Africa News Agency, the SCF aims to alleviate balance of payments pressures in Rwanda that have stemmed from climate-related shocks, safeguarding the nation’s financial stability.