Africa Financial Sector Responses to COVID-19 - Rwanda

Jul 28, 2020

This page presents measures and initiatives by the Rwandan government, national central bank and Development Finance Institutions (DFIs) in support of a resilient domestic financial sector facing the effects of the COVID-19 pandemic.

Disclaimer: This page contains information and links from third parties. These links are being provided as a convenience and for informational purposes only; they do not constitute an endorsement or an approval by MFW4A.

Instrument

Institution

Financing volume

Description 

Regulatory and monetary Policy measures

National bank of Rwanda

USD 55 millions

(March 18, 2020) The National Bank of Rwanda (BNR) has announced the following measures applicable to banks :
* Extension of lending facilities (funds of 50 billion Rwandan francs) for distressed banks at the BNR rate, with a validity extended to 3, 6 and 12 months;
* Recommendation of digital channels and mobile contactless payments to banks and financial institutions. 


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