{{The Minister of Finance and Economic Planning , John Rwangombwa and the World Bank Country Manager for Rwanda, Mimi Ladipo have today signed a US$125 million International eighth Development Association (IDA) Poverty Reduction Financing Agreement.}}<\/p>\n
The Eighth Poverty Reduction Support Financing (PRSF-8) will help the Government\u2019s implementation priorities in its medium term strategy, the Economic Development and Poverty Reduction Strategy.<\/p>\n
Given Rwanda\u2019s status as a blend country, US$60 million of the funds are on IDA grant terms and US$65 million are on IDA credit terms.<\/p>\n
The PRSF-8 is the first operation in the third series of World Bank Poverty Reduction Support operations for Rwanda launched in 2002. <\/p>\n
The new series particularly supports the development of policies that facilitate increased private sector investment and involvement and ease constraints to broad based growth.<\/p>\n
“In order for Rwanda to sustainably increase its revenue base, it is important for the Government to continue to focus on developing a Foreign Direct Investment and to agree on a comprehensive private sector development strategy”. <\/p>\n
“In particular we encourage Rwanda to act decisively to remove any remaining constraints, including as relates to infrastructure, anti-competitive policies and practices, and taxation, to inward investment and to the development of the private sector,” Said Mimi Ladipo.<\/p>\n
During the PRSF8-10 priority areas of support will be policy measures aimed at: (i) supporting the facilitation of trade and investments; (ii) increasing access to electricity and improved infrastructure services; (iii) raising private sector participation in the agricultural sector; <\/p>\n
Others include (iv) increasing the quality and relevance of education to build a skilled workforce; (v) improving service delivery through focused and strategic civil service reform; and (vi) strengthening the management of public resources, including increasing transparency and accountability.<\/p>\n
The PRSF-8 financing is dependent on progress against EDPRS objectives as measured by the Common Performance Assessment Framework relied upon by all budget support partners in Rwanda. <\/p>\n
The most recent XIV Joint Budget Support Review, held on October 24-25, 2011, showed that Rwanda is making good progress in terms of implementing the targets and policy actions within the harmonized framework of budget support.<\/p>\n","protected":false},"excerpt":{"rendered":"
{{The Minister of Finance and Economic Planning , John Rwangombwa and the World Bank Country Manager for Rwanda, Mimi Ladipo have today signed a US$125 million International eighth Development Association (IDA) Poverty Reduction Financing Agreement.}} The Eighth Poverty Reduction Support Financing (PRSF-8) will help the Government\u2019s implementation priorities in its medium term strategy, the Economic […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[75],"byline":[277],"hashtag":[],"class_list":["post-1278","post","type-post","status-publish","format-standard","hentry","category-news","tag-homenews","byline-igihe-com-reporter"],"bylines":[{"id":277,"name":"IGIHE.com Reporter","slug":"igihe-com-reporter","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":null}],"contributors":[{"id":277,"name":"IGIHE.com Reporter","slug":"igihe-com-reporter","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":null}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/1278","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=1278"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/1278\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=1278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=1278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=1278"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=1278"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=1278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}