The whole payment, which was due this week, was successfully completed, according to information obtained by The EastAfrican, a media outlet that focuses on East African news.
Despite pressure on Rwanda’s finances brought on by ongoing global shocks linked to the prolonged impact of the Covid-19 pandemic, the war in Ukraine, and the appreciation of the US dollar, Rwanda has successfully repaid its $400 million Eurobond.
“The government has set aside $63 million as part of the International Monetary Fund’s Special Drawing Rights (SDR) allocation that it received in 2021 as support to fight against the impact of Covid-19 on the economy,” the finance ministry told The EastAfrican.
