JOHANNESBURG, May 22 (Reuters) – The International Monetary Fund said on Wednesday it was releasing a combined $164.6 million in funds to Rwanda after its executive board concluded reviews of the country’s support programmes.
Rwanda’s economy is forecast to expand 6.6% this year and 6.5% next year after an 8.2% expansion last year, IMF said in a statement.
“While fiscal consolidation may temporarily dampen growth, a rebound to 7.3 percent is anticipated in the medium term,” it said.
Rwanda’s economy largely depends on agriculture, tourism and manufacturing.
(Reporting by Bhargav Acharya, Writing by Tannur Anders, George Obulutsa; Editing by Bate Felix)