Climate love
Image of International Monetary Fund

International Monetary Fund

Climate love

IMF boosts Rwanda with millions of dollars to sustain climate shocks citing remarkable efforts on the same

The funding, approved on Thursday under the new Standby Credit Facility, will also be used to boost balance of payments, the ministry said on social media platform X, formerly known as Twitter. A statement by the IMF said Rwanda’s commitment to building a resilient and greener economy is commendable and required to be sustained. “Enhancing social protection programs, improving human capital accumulation, and promoting private sector-led economic diversification will be critical to navigate challenging times and advance living standards,” the statement said. “Maintaining the momentum on Resilience and Sustainability Facility-supported climate-related reforms including green taxonomy will help close adaptation gaps and increase resilience to climate-induced shocks,” it added. The IMF noted that Rwanda demonstrated its ability to catalyze additional climate finance and promote collaborations between the public and private sectors during the recent 28th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change in Dubai, the United Arab Emirates. It said that despite the challenging environment, Rwanda’s progress on the climate agenda “remains https://www.capitalfm.co.ke/business/2023/12/rwanda-gets-268-mln-u-s-dollars-in-imf-funding-to-respond-to-climate-shocks/?utm_source=dlvr.it&utm_medium=twitter&utm_campaign=rwanda-gets-268-mln-u-s-dollars-in-imf-funding-to-respond-to-climate-shocks

Do you agree?

32 more agrees trigger social media ads

  • Rotich Kim

    16 w

    The support of IMF is key towards acheive sustainable environment

    4
    • Kevin

      16 w

      Seeing our neighbor shining all through is uplifting news

      1
      • We Don't Have Time

        16 w

        Dear Kevin Your climate love has received over 50 agrees! We have reached out to International Monetary Fund by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Adam, We Don't Have Time

        2
        • Rukia Ahmed Abdi

          17 w

          The International Monetary Fund's (IMF) approval of additional funding for Rwanda, acknowledging the country's efforts in building a resilient and greener economy, underscores the importance of sustainable development in the face of climate change. The financial support, granted under the new Standby Credit Facility, not only aims to address climate shocks but also boost the country's balance of payments. The IMF commends Rwanda's commitment to sustainability and emphasizes the need to sustain efforts in social protection, human capital accumulation, and private sector-led economic diversification. The recognition of Rwanda's ability to catalyze climate finance and foster collaborations at international climate conferences further highlights the importance placed on climate-related reforms and resilience-building initiatives.

          3
          • Johannes Luiga

            17 w

            Encouraging

            6
            • Gorffly mokua

              17 w

              @Johannes_Luiga True! This is inspiring!

              2
            • George Kariuki

              17 w

              This assistance can be a valuable catalyst for Rwanda's continued journey towards a sustainable and resilient future.

              2
              • Princess

                17 w

                Such financial backing can play a crucial role in building resilience and fostering sustainable development.

                4
                • johnte ndeto

                  17 w

                  Funds are very crucial in pushing for climate agenda and Rwanda now benefiting from imf is great milestone

                  10
                  • winnie nguru

                    17 w

                    @johnte_ndeto Yes.. with resources Rwanda is sure to change their narrative when it comes to climate change. for the better

                    2
                  • walter lungayi

                    17 w

                    Great to see international support for Rwanda's efforts to address climate shocks. This kind of collaboration is crucial for building resilience in the face of climate change.

                    3
                    • Gorffly mokua

                      17 w

                      This is a positive step towards building climate resilience in vulnerable areas.

                      2
                      • winnie nguru

                        17 w

                        This is a big win for Rwanda!

                        13
                        • Gorffly mokua

                          17 w

                          @winnie_nguru And of course a win for our planet!

                          2
                          • Rashid Kamau

                            10 w

                            @winnie_nguru Sure

                          Welcome, let's solve the climate crisis together
                          Post youtube preview with preloading
                          youtube overlay

                          Write or agree to climate reviews to make businesses and world leaders act. It’s easy and it works.

                          Write a climate review

                          Voice your opinion on how businesses and organizations impact the climate.
                          0 trees planted

                          One tree is planted for every climate review written to an organization that is Open for Climate Dialogue™.

                          Download the app

                          We plant a tree for every new user.

                          AppleAndroid