Rwanda IMF Talks in Bangkok Focus on 17.2% Inflation
Rwanda's central bank governor and finance officials met the IMF's Africa director in Bangkok on Monday, as inflation hit 17.2% in September. The post Rwanda IMF Talks in Bangkok Focus on 17.2% Inflation appeared first on The Rio Times .
A 17.2% year-on-year inflation rate in September has Rwanda's central bank and finance ministry focusing on cooling prices during their IMF talks in Bangkok on October 12, 2026. The talks, held on the sidelines of the IMF and World Bank Annual Meetings, brought together Rwanda's Governor Soraya Hakuziyaremye, Finance Ministry officials, and IMF Director for Africa, Zeine Zeidane.
The central bank raised its benchmark interest rate to 8.75% in August after inflation surpassed the 5% target, causing prices to jump 17.2% in the year to September, up from 15.7% in August. The IMF, which is the largest shareholder of the World Bank, will review Rwanda's 38-month loan under the Extended Credit Facility once the Executive Board approves the first review.
The review could release about US$35.7 million for Rwanda, but the IMF must discuss the government's response to inflation breaking through the agreed range in the program under a special consultation clause.
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