🇷🇼 Rwanda
Public Sector Debt · 2026
Total Debt
78.1%
of GDP
Global Rank
#50
of 192
S&P Rating
B+
Credit rating
SOE Debt
+3.3%
4 categories
Where the Debt Sits
Central Government
Central Government: 74.8%Dev Banks: 0.8%Energy SOEs: 1.5%Infrastructure: 0.5%Public Corps: 0.5%
Full Debt Breakdown
Central Government74.8% of GDP
Central GovernmentIMF WEO — General Government Debt
74.8%Energy SOEs1.5% of GDP
REG (Rwanda Energy Group)IMF Rwanda 2024 PCI ReviewSubsidized tariffs create fiscal pressure
1.5%Infrastructure SOEs0.5% of GDP
RwandAirS&P Global RatingsGuaranteed $30M + non-guaranteed $46M
0.5%Public Corporations0.5% of GDP
Crystal Ventures (RPF holding)Wikipedia / KT PressRPF-owned conglomerate, not in public debt perimeter
0.5%Development Banks0.8% of GDP
BRD (Development Bank of Rwanda)GCR Ratings / IMFExcluded from IMF DSA perimeter
0.8%Total Corporate Debt16.0% of GDP
NF corporate debt (est.)WB WDI 2020
16.0%Household Debt8.6% of GDP
Household debt (est.)WB WDI 2020
8.6%All Layers Total102.7%
Credit Ratings
S&P
B+
Moody's
B2
Fitch
B+
Data Sources
IMF WEO — General Government Debtgeneral_government · Updated semi_annual
Dec 202674.8% GDP
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