IFC, BNR swap deal to spark competition

To boost liquidity levels in the local credit market, the International Finance Corporation (IFC) and the National Bank of Rwanda (BNR) last week, signed an agreement that will enable the former to provide local currency loans to support private sector growth. Specifically, the IFC will deposit international currency at the Central Bank in exchange for an equivalent in Rwandan francs under the terms of the treasury bills. 
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Times Reporter