The International Monetary Fund (IMF) has cleared out on Rwanda’s debt levels, saying that though they have risen recently yet they are still manageable.
IMF Head of Mission Laura Redifer told The New Times last week that to some extent the country needs debt to grow
“”Debt levels in Rwanda are manageable. Those numbers have gone up recently but are still manageable. You need debt to grow, the finance ministry is careful on what kind of debt it taking on” Said Laura
“It is at a manageable level. One thing we need to be careful with is surprises, things that are not debt but could create fiscal risks”she added
IMF has made remarks on Rwanda’s debt realizing that debt levels were rising significantly high, due countries approaches in attempts to avoid crisis across Sub-Saharan countries.
Fred Masengesho Rugira/Bwiza.com