Rwanda mulling credit guarantee fund to encourage lending to mining sector

摘要

RWANDA is mulling over the establishment of a credit guarantee fund to encourage commercial banks to increase lending to the mining sector. Minister of State for Mining Evode Imena says the development of mining projects has been hampered by commercial banks' reluctance to extend credit facilities to the sector, owing to its high inherent risk. The envisaged guarantee fund will cushion banks against this risk, thus encourage funding to the sector.