How Rwanda’s financial sector is reacting to the COVID-19 pandemic

The Government of Rwanda is monitoring the economic implications of the novel COVID-19 pandemic; designing and implementing interventions to cushion various sectors of the economy that could adversely be affected. In a bid to prevent an economic shock, the National Bank of Rwanda floated a liquidity support of $52.4 million for banks to be able to borrow at the Central Bank rate of 5 per cent. Moreover, it eased the normal bank loaning procedures for both commercial banks and its clients….

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