Rwanda President Paul Kagame and Kristalina Georgieva, managing director of the International Monetary Fund (IMF), on Sunday held discussions on ongoing fruitful collaboration between Rwanda and the IMF.
Both leaders were attending the World Economic Forum (WEF) special meeting on global collaboration, growth and energy for development to address the most pressing issues on the global agenda, in Riyadh, Saudi Arabia.
Kagame participated in the opening plenary session on the “New Vision for Global Development” to discuss how to reignite the momentum of development and economic convergence.
Other panelists included President Tinubu of Nigeria, Prime Minister Anwar Ibrahim of Malaysia, Georgieva,, and the CEO of Lazard Group Peter Orszag.
Rwanda is the first African country to benefit from IMF’s Resilience and Sustainability Trust, which is currently serving to support key climate change initiatives from the secured $319 million fund.
The forum attracted participants from 92 countries and more than 500 companies, institutions, and non-profit organizations for discussions on achieving a sustainable future.
Saudi Arabia hosted the WEF business conference on Sunday and Monday. Parallel to this, foreign ministers of Saudi Arabia, Egypt, Qatar, the United Arab Emirates and Jordan met on Monday in Riyadh with their U.S., German, British, French and Italian counterparts.
During his speech on Sunday, WEF President Borge Brende expressed his appreciation to the government of Saudi Arabia for hosting the special meeting, held under the theme “Global Collaboration, Growth and Energy for Development.”