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The OPEC Fund
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  2. Rwanda COVID-19 Economic Recovery Fund Emergency Loan

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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.

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