One of the strategies that the country put in place is to target concessional loans that provide substantial grace periods within long term payment periods.
The loans have significantly low-interest rates and long grace periods with the possibility of revising terms further. The recently approved national budget of Rwf4.6 trillion for the fiscal year 2022/2023 that starts July 1, represents an increase of Rwf217.8 billion, or 4.9 percent from the Rwf4.4 Trillion revised budget of 2021/22 fiscal year.
Despite the fact that the country is still grappling with Covid-19 impacts, spill overs from Russia-Ukraine war impact, as well as inflation, the budget's external borrowings continue to gradually decline.
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