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- Rwanda COVID-19 Economic Recovery Fund Emergency Loan
Rwanda COVID-19 Economic Recovery Fund Emergency Loan
Rwanda
| Borrower | Rwanda |
| Financing Type | Public Sector |
| Instrument | Project Loan |
| Focus Area | Multisectoral |
| Approved | 24.07.2020 |
| Signed | 05.11.2020 |
| Status | Ongoing |
| Loan Administrator | OPEC Fund |
| Executing Agency | BNR |
| OPEC Fund Contribution (US$m) | 15.00 |
| Total Project Cost (US$m) | 15.00 |
This loan will support businesses in the sectors most affected by COVID-19 and help safeguard development gains made in the past two decades. The facility will enable the restructuring of existing bank loans to tourism-related businesses through the National Bank of Rwanda, and provide lines of credit to large corporates, MSMEs, and savings and credit cooperatives. It will also support a Business Development Fund for vulnerable people engaged in informal work.