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Vol 67 No 1

Published 9th January 2026


Rwanda

As pressure mounts, Kagame plays security card

Kigali holds its economy on course as it funds its Donbas strategy in neighbouring Congo-Kinshasa

Rwanda has kept its extensive operations in Congo-Kinshasa off-budget by reviving its military’s involvement in the eastern Congolese mineral trade. Evidence of increased military spending could have derailed the current economic position: with the IMF writing of Kigali’s ‘strong’ performance under its Policy Coordination Instrument (PCI), with all quantitative targets apparently met and ‘most’ structural benchmarks completed. The Fund forecasts GDP growth in Rwanda of 7.5% in 2026, which would put it among the world’s top performers.

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