Bannière

[ Inscrivez-vous ]

Newsletter, Alertes

Rwandan papers focus on response to the coronavirus economic crisis

Imprimer PDF

Kigali, Rwanda, April 4 (Infosplusgabon) - Rwandan newspapers this week largely focused on ongoing  efforts in the country to deal with the financial impact of coronavirus (COVID-19).

 

Since March 21 Rwanda adopted strict lockdown measures while emphasizing  alternatives to provide social protection to help the most vulnerable affected by the crisis, as the number of confirmed cases reached 89.

 

Kagame, global leaders discuss ‘Fast & flexible’ solutions to COVID-19, was the headline of KT Press, a semi-private English newspaper that focused on a phone conversation between Rwandan President Paul Kagame, French President Emmanuel Macron, Ethiopian Prime Minister Ahmed Abiy, World Bank President David Malpass as well as the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva.

 

The newspaper reported that President Kagame has continued to engage with global leaders as the world continues to battle the COVID—19 pandemic.

 

Their discussion came as the IMF Executive Board approved a US$109.4 million financing for Rwanda to fight the new Coronavirus.

 

The amount drawn under the Rapid Credit Facility that will be disbursed immediately will support Rwanda’s efforts to stop the spread of COVID-19 and its impact on the economy.

 

IMF said the help addresses Rwanda’s urgent balance of payment needs stemming from the outbreak of the COVID-19 pandemic.

 

Focusing on the same virtual meeting, The New Times daily reported that President Kagame with other African Union (AU) leaders have discussed the need for Africa to stand together, and speak with one voice.

 

According to the paper, Kagame also indicated that the meeting emphasized the need to “work through our institutions to mobilize resources and harmonize the support from international partners.”

 

Other leaders who participated in the meeting were presidents Macky Sall of Senegal, Uhuru Kenyatta of Kenya, Ibrahim Boubacar Keïta of Mali, and Abdel Fattah el-Sisi of Egypt.

 

Others were Zimbabwean President Emmerson Mnangagwa, Ethiopian Prime Minister Abiy Ahmed, DR Congo President Félix Tshisekedi and AU Commission Chair Moussa Faki.

 

"President Kagame has commended the role African institutions like the African Development Bank and Afreximbank have played to provide timely response to the African countries that have been hit by the new coronavirus," wrote The New Times.

 

 

 

In another article the private-owned daily The Chronicles wrote that the recent disbursement of US$109.4 million by IMF  to be drawn under the Rapid Credit Facility (RCF) will serve to meet Rwanda’s urgent balance of payment needs stemming from the outbreak of the COVID-19.

 

 

 

"Commenting on the IMF funding, Tao Zhang, Deputy Managing Director and Acting Chair, said: The COVID-19 Pandemic has ground Rwanda’s economy to a halt, creating an urgent balance of payments need,” wrote The Chronicles.

 

 

 

The country is on total lockdown since March 15, and a cabinet meeting on Wednesday extended it to April 19. All indications are it may be extended again, the newspaper said.

 

 

FIN/INFOSPLUSGABON/IYT/GABON2020

 

 

© Copyright Infosplusgabon

Qui est en ligne!

Nous avons 3766 invités en ligne

Publicité

Liaisons Représentées:

Newsflash

DEPÊCHES