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World Bank, Rwanda Sign $100 Million Agreement to Support Agriculture

The World Bank Group and the Government of Rwanda have signed a $100 million credit agreement to improve the capacity of national public agricultural institutions

According to the Rwandan government’s website, the deal is set to increase the commercialisation of agriculture value chains in Rwanda.

As part of the deal, a number of programmes are being put in place to help support the Rwandan government in its aim to improve the implementation of its plan for agricultural transformation.

This intends to build a stronger role for private sector engagement in the agriculture sector, and see the government shift from being a market actor to a market enabler.

The agreement is set to improve the structure and capability of Rwanda’s Agriculture and Animal Resources ministry (MINAGRI).

“Program for Results will improve the structure and strengthen the capability to undertake sector analysis, associated policy reforms and introduce relevant financing business models for attracting private sector investment,” Rwanda’s Minister of Finance and Economic Planning Dr Uzziel Ndagijimana said.

As Rwanda presses on with its Made in Rwanda initiative, which aims to make the country a more self-sustainable and profitable nation, they are looking to new ways to improve industrial sectors.

World Bank Country Manager, Yasser El Gammal, said he was happy to offer his support to the developing nation.

“The Bank is pleased to support this second Program for Results which has the potential of achieving transformational results by focusing on the government’s program which aims to leverage and sustain private sector investment in the agriculture sector.”

Written by How Africa

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