Statement by IMF Managing Director Kristalina Georgieva at the Conclusion of Her Visit to Rwanda

Assertion by IMF Handling Director Kristalina Georgieva at the Summary of Her Visit to Rwanda







January 26, 2023















Kigali, Rwanda:
Ms. Kristalina Georgieva, Handling Director of the Intercontinental Monetary
Fund (IMF), issued the next statement right now in Kigali at the
conclusion of her go to to Rwanda:
“I want to thank H.E President Kagame, Primary Minister Édouard Ngirente,
Minister of Finance and National Scheduling Uzziel Ndagijimana, Minister of
Atmosphere Jeanne d’ Arc, and Governor John Rwangombwa for their warm
welcome and gracious hospitality. I also incredibly a great deal appreciated the
constructive conversations and the possibility to have interaction with senior
policymakers from the East African Local community on how the IMF can be an even
far more productive lover to help Rwanda and the location arise from several
crises and establish a additional resilient, inclusive, and greener economic climate. My go to
provided invigorating exchanges with Rwandan youth, women of all ages, civil modern society
and inexperienced business people.
“I arrived away amazed by the dynamism and creativeness of Rwandan youth
advocating for climate action and environmental conservation, and
business people employing their ingenuity to deliver local climate-pleasant solutions for
a greener tomorrow.
“I congratulated the authorities for staying the initial place in Africa to
obtain the
IMF Resilience and Sustainability Facility (RSF) for $319 million
, together with a new
Plan Coordination Instrument
. This is a testomony of Rwanda’s strong observe document of policies and
sustained implementation of reforms, like to deal with climate improve. I
also encouraged President Kagame and his workforce to go on advancing reforms
less than the two IMF programs.
“I was happy to have the possibility to exchange sights with policymakers
from the area on the multi-faceted worries they deal with on the heels of
the COVID-19 pandemic, the economic fallout from the war in Ukraine, the
charge-of-dwelling crisis and weather adjust. We also talked over how the IMF
could assist them better address these issues. The IMF has been there to
help sub-Saharan Africa since the starting of the pandemic with more
than $50 billion presented to the area. We at this time have 22 financing
plans and two staff members monitored applications, symbolizing active engagement
in additional than fifty percent of the location. And we are completely ready to do extra.
“Considering Rwanda’s area as a pacesetter on local climate initiatives and
the issues the East Africa area faces with significantly frequent
and detrimental droughts and flooding, I appreciated the option to
concentrate on the existential danger of local climate alter. I heard loud and
clear their
unequivocal call for much better intercontinental cooperation and coordination to
deal with this problem. Local weather alter is a worldwide crisis that
transcends countrywide borders. It is an situation that needs worldwide
cooperation and coordinated remedies, together with to mobilize the essential
financing. It is in this spirit of cooperation that the Fund has been
stepping up funding by means of
the RSF
, a new facility to support vulnerable lower- and middle-cash flow countries
address for a longer time-phrase structural alterations these types of as local climate improve and pandemic
preparedness. We have also stepped-up capacity building to aid countries
recognize and prioritize means. Meanwhile, in close collaboration with
multilateral improvement banking companies, global monetary establishments, and
the private sector, we are committed to investigate solutions for scaling up
non-public finance leveraging the RSF. We seem forward to seeing Rwanda serve
as a foremost illustration of how very long-phrase reduced-price funding from the IMF can
support sub-Saharan Africa mitigate the consequences of local climate modify.”
Practical links:
Webpage on the Resilience and Sustainability Have faith in
Factsheet on the Resilience and Sustainability Facility
Factsheet on the Policy Coordination Instrument


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