Rwanda Secures $319 Million Under IMF’s New Climate Funding Program
- Rwanda is first African nation to secure access to facility
- IMF approves new policy coordination instrument for Rwanda
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The International Monetary Fund approved $319 million for Rwanda under a new financing arrangement aimed at helping countries deal with prolonged risks such as climate change.
The Resilience and Sustainability Facility was created this year for low-income and vulnerable middle-income nations to address the challenges with longer-term, low-cost financing, the Washington-based lender said in a statement on Monday. Rwanda is the first African country to secure access to the funding.