Himbara’s Blackmail on Rwanda Debt Cannot Work

 


Playing the usual suspect, Dr David Himbara rants about a new innovative financing program by the IMF, from which Rwanda has acquired $319m.

For his blog readers, Himbara paints the financing as adding to Rwanda’s debt portfolio. The IMF, World Bank and other international bodies have assessed Rwanda’s borrowing as manageable, reason being that for every cent taken in, there is a clear plan as to what it will do and how it will be repaid.

Historically, nations have relied on taking risk to be able to get significant resources for development. Countries need big money, which very often isn’t available locally.

The uniqueness of the IMF program is such that only three nations, including Rwanda globally have been able to tap from the Fund. The IMF’s experts are better placed to determine Rwanda’s ability to do good with the money.

Himbara’s twisted propaganda against the IMF funding is the usual blackmail, with the hope that the Rwandan government comes out on the defensive.

RNC financer Tribert Rujugiro is paying for a bad deal in maintaining the upkeep dollars flowing to Himbara. These fabrications aren’t working.

 

 

 

 

 

 

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