KIGALI: Rwanda and the International Monetary Fund (IMF) have reached a staff-level agreement on the first review of the country’s Extended Credit Facility (ECF) programme, marking further progress in Rwanda’s economic reform and stabilisation efforts.Under the agreement, Rwanda could receive around US$35.7 million, subject to approval by the IMF Executive Board.The latest development comes as Rwanda continues to demonstrate strong economic resilience. The country’s economy grew by 9.7% in the first half of 2026, reflecting robust economic activity and continued momentum across key sectors.
The IMF assessment also noted that Rwanda met all end-June quantitative performance criteria, while reforms are progressing to strengthen the investment framework and deepen domestic securities and foreign-exchange markets.Rwanda’s strong growth performance comes despite continued inflationary pressures, with annual inflation standing at 15.7% in August 2026, according to Rwanda’s National Institute of Statistics.
The IMF’s programme is aimed at strengthening macroeconomic stability, managing fiscal and debt risks, supporting private-sector-led growth and maintaining the momentum of structural reforms. The IMF has described Rwanda’s economy as resilient and said the programme can help sustain reform momentum and attract additional financing.
The latest agreement highlights Rwanda’s continued engagement with international financial institutions and its efforts to build a stronger, more resilient and investment-friendly economy.
