IMF and Rwanda reach staff-level agreement on new $262mln credit facility

Reuters News

Image used for illustrative purpose. Visitors are silhouetted against the logo of the International Monetary Fund at an IMF and annual meeting October 10, 2012.
Kim Kyung-Hoon

The International Monetary Fund (IMF) and Rwanda have reached a staff-level agreement on a new 14-month credit facility worth about $262 million to help mitigate balance of payment pressures arising from climate-related shocks, the IMF said on Tuesday.