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Press Releases

19.02.2021 Rwanda and China sign US$ 60 million grant and US$ 6 million debt exemption

Kigali February 19, 2020: The Government of Rwanda and the People’s Republic of China today signed an economic and technical cooperation agreement for a grant worth RMB Yuan 400 million (approximately U$ 60 million). The...[more]

12.02.2021 Revised budget puts emphasis on fighting COVID-19 pandemic and Economic Recovery

February 11, 2021: The Minister of Finance and Economic Planning Dr. Uzziel Ndagijimana today, on behalf of Government, presented the 2020/2021 revised budget to members of parliament.Ndagijimana virtually presented the revised...[more]

06.02.2021 S&P affirms Rwanda’s 'B+/B' Ratings; Outlook Remains Negative

February 5, 2021Standard & Poors’ Global Rating yesterday affirmed Rwanda’s long and short term sovereign rating at 'B+/B' while the outlook remained NegativeIn a statement released today, S&P noted that the negative...[more]

26.11.2020 The Government of Rwanda and Republic of Korea sign US$ 66.2 million loan agreement to reinforce access to electricity

November 26, 2020: The Governments of Rwanda and the Republic of Korea today signed an arrangement for a loan from the Economic Development Cooperation Fund for the electricity transmission and grid expansion project worth US$...[more]

04.11.2020 Germany commits Frw 113.5 billion to support Governance, Sustainable Economic Development

November 4, 2020: Negotiations on development cooperation between the Government of the Republic of Rwanda and the Government of the Federal Republic of Germany were virtually held in Bonn and Kigali. Germany agreed to commit to...[more]

27.10.2020 IMF Staff Completes Virtual Review Mission to Rwanda

Washington, DC: October 26, 2020 An International Monetary Fund (IMF) mission, led by Haimanot Teferra, held virtual meetings with the Rwandan authorities during October 5 – 23, 2020, to discuss the third review under the PCI. At...[more]

30.09.2020 Minister Uzziel Ndagijimana signs off the 2019/2020 Consolidated Financial Statements

September 30, 2020: The Minister of Finance and Economic Planning Dr. Uzziel Ndagijimana has signed of the 15th annual Consolidated Financial Statements covering the period from 1st July 2019 to 30th June 2020 and the...[more]

24.08.2020 Rwanda and South Korea sign Frw 8.7 billion grant to strengthen TVET systems and structures

August 20, 2020:  The Ministry of Finance and Economic Planning and the Korea International Cooperation Agency (KOICA) on behalf of the Republic Rwanda and the Republic of South Korea respectively on Tuesday signed a...[more]

20.08.2020 MINECOFIN disseminates the Fiscal Year 2020-2021 Citizen’s Guide to the Budget

August 20, 2020: The Ministry of Finance and Economic Planning has published and commenced the dissemination of the Citizen’s guide to the budget for the Fiscal Year 2020-2021. This has been the practice since 2009-10. The...[more]

08.07.2020 Government and World Bank sign US$ 150 million to boost market-relevant skills

Kigali July 8, 2020: The Government of Rwanda and the World Bank Group today signed a US$150 million (approximately Frw 142 billion) financing agreement to support Rwanda’s efforts to expand opportunities for the acquisition of...[more]

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