Prime Minister officiated the launch of the second phase of the Economic Recovery Fund (ERF2)

Kigali, May 18, 2022- Today, Prime Minister Dr. Edouard Ngirente officiated the launch of the second phase of the Economic Recovery Fund (ERF2) in a ceremony held at Kigali Serena Hotel.

Prime Minister highlighted the tremendous role played by the first phase of the Economic Recovery Fund in the recovery process of our economy.

The Premier presented the status of our economy focusing on the current increase of commodity prices and also showing the measures taken by the Government of Rwanda to ensure that Rwandans do not continue to suffer from this burden of rising prices.

He noted that the prevailing inflation is a global concern and is related to various challenges including trade logistics, the war in Ukraine, and the on-going Covid-19 Pandemic.

The Government of Rwanda has injected RWF 250 billion into the Economic recovery Fund in a bid to keep on supporting the economic recovery process, increase access to finance and support investments for business expansion and adaptation.

To read more about the keynote address delivered by Prime Minister, click here

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