Browsing: Rwanda’s Foreign debts

Rwanda's $400m Eurobond repayment expected to test its limits

Rwanda’s debt rose to $5.4 billion last year from $4.8 billion in 2017, World Bank data shows.

Rwanda’s debt level this year is projected to rise to 49.1 per cent as a ratio of GDP, from 40.7 per cent last year.
According to the Ministry of Finance, much of the country’s debt is Long-term, with a repayment period of up to 40 years. Despite this, the biggest test for Rwanda’s debt burden is expected to come in 2023, when the repayment of its $400 million Eurobond will fall due.

The settlement is expected to put pressure on government coffers, even with Kigali having an option to issue another Eurobond to retire the maturing of the loan.

The International Monetary Fund (IMF) has been pressing the government to improve its financial transparency and analyse fiscal risks to avoid surprises in the economy during the repayment period.

“So we want to look …