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Rwanda goverment asks Parliament to approve export guarantee fund

Published on May 20, 2015

The Ministry of Trade and Industry (MINICOM) is seeking from the Treasury Rwf500 million during the next financial year to initiate a guarantee facility for exporters in the ongoing efforts to reduce the trade imbalance.

Officials at the ministry told Members of Parliament that the money will be placed in a bank to subsidise loans that are given to exporters and make it possible for them to get loans that they would otherwise be denied by banks that don’t find exportation projects from traders attractive. Read more. Source | Newtimes