Rwanda has raised roughly $190 million with a new 15-year World Bank Group-backed loan that will see the \u200bgovernment borrow in Japanese yen for the first \u200ctime, as well as in euros.<\/p>\n
The country’s finance ministry said the money would be used for “general budgetary purposes” and go towards infrastructure improvements, \u200bhealth and education as well as agriculture and \u200bother industries.<\/p>\n
Roughly half of the money is being borrowed \u2060in yen, marking the first time Rwanda has raised \u200bdebt in the Japanese currency.<\/p>\n
The finance ministry said it would \u200bhelp diversify its currency base and signalled the country’s “readiness for deeper engagement with JPY-denominated capital and investors in Asia.”<\/p>\n
The rest of the loan \u200bconstituted an \u20ac82 million ($95.55 million) tranche.<\/p>\n
It also has an initial \u200bsix-year “grace period” meaning the government won’t make any repayments on the new \u200cloan \u2060until after its only outstanding international market $620 million bond is due to mature in August 2031.<\/p>\n
The new loan benefits from two World Bank Group guarantees – one from the Multilateral Investment \u200bGuarantee Agency \u200band another an \u2060International Development Association “Policy-Based Guarantee”.<\/p>\n
In a report in May, ratings agency S&P said Rwanda’s debt structure \u200bremains relatively favourable. Its debt-to-GDP ratio has \u200bdipped to \u206072.4% from 73.1% in 2024 and is projected to decline further in the next few years.<\/p>\n
S&P estimates roughly 90% of \u2060Rwanda’s \u200bexternal debt is highly concessional, which \u200bhelps contain its financing costs and its “rollover” risks.<\/p>\n","protected":false},"excerpt":{"rendered":"
Rwanda has raised roughly $190 million with a new 15-year World Bank Group-backed loan that will see the \u200bgovernment borrow in Japanese yen for the first \u200ctime, as well as in euros. The country’s finance ministry said the money would be used for “general budgetary purposes” and go towards infrastructure improvements, \u200bhealth and education as […]<\/p>\n","protected":false},"author":1,"featured_media":15482,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":5,"jnews-multi-image_gallery":[],"jnews_single_post":{"format":"standard","override":[{"template":"1","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_featured":"1","show_post_meta":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_reading_time":"0","post_reading_time_wpm":"300","post_calculate_word_method":"str_word_count","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_comment_section":"1","number_popup_post":"1","show_post_related":"1","show_inline_post_related":"1"}],"image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post_position":"meta","trending_post_label":"Trending","sponsored_post_label":"Sponsored by","disable_ad":"0","source_name":"Reuters","subtitle":""},"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":{"view_counter_number":"0","share_counter_number":"0","like_counter_number":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[29,32,2362],"tags":[140,5425],"class_list":["post-21899","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-africa","category-economy","category-featured","tag-rwanda","tag-world-bank-group"],"_links":{"self":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/21899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/comments?post=21899"}],"version-history":[{"count":1,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/21899\/revisions"}],"predecessor-version":[{"id":21900,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/21899\/revisions\/21900"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/media\/15482"}],"wp:attachment":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/media?parent=21899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/categories?post=21899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/tags?post=21899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}