IMF Chief Georgieva in Rwanda for Talks on Climate Funding

IMF Chief in Rwanda for Talks on Climate Funding (News Central TV)

The director of the International Monetary Fund Kristalina Georgieva has arrived in Rwanda for a two-day trip to “support building resilience on climate”.

Georgieva is anticipated to take part in a roundtable discussion on financing for combating climate change with East African finance ministers and central bank governors.

She announced on Twitter that she was looking forward to “hearing local and regional perspectives on how the IMF can be even more helpful – especially in boosting climate resilience”.

Georgieva is in the country following the IMF’s approval of a $319 million fund for Rwanda, the first African country to get the fund to increase resilience to climate change, under a new facility.

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The utilisation of foreign loans and aid by the Rwandan administration has drawn criticism from the opposition.

However, President Paul Kagame has asserted that the government “effectively uses every coin” of the assistance received from its allies. Georgieva traveled from Zambia to Rwanda.


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