{"id":15163,"date":"2014-06-30T10:22:36","date_gmt":"2014-06-30T10:22:36","guid":{"rendered":"https:\/\/new.igihe.com\/new-world-bank-group-development-strategy-for\/"},"modified":"2014-06-30T10:25:35","modified_gmt":"2014-06-30T10:25:35","slug":"new-world-bank-group-development-strategy-for","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/new-world-bank-group-development-strategy-for\/","title":{"rendered":"New World Bank Group Development Strategy for Rwanda Launched"},"content":{"rendered":"

The World Bank last week officially launched new Country Partnership Strategy (CPS) for Rwanda. <\/p>\n

The new strategy launched June 25, will mobilize World Bank Group financing and knowledge behind three priorities expected to have the greatest impact on the country\u2019s development future These include: accelerating private sector-driven growth to create jobs; improving productivity and raising poor peoples\u2019 incomes; and support transparent, accountable governance .<\/p>\n

The Bank Group believes that these priorities will be further strengthened by investing in greater regional integration with Rwanda\u2019s neighbors and the rest of the East African Community. <\/p>\n

The CPS is fully aligned with the Government\u2019s Second Economic Development and Poverty Reduction Strategy.<\/p>\n

The four year Strategy for Rwanda endorsed by the World Bank\u2019s Board of Executive Directors on June 5, 2014 was launched during a high level forum attended by key government officials and a host of stakeholders, representing county governments, private sector, parliamentarians, civil society and other development partners.<\/p>\n

Rwanda has had remarkable progress in recent years and now it has the potential to expand its growth by focusing on export diversification, structural transformation, regional integration and financial sector deepening.<\/p>\n

\u201cThis progress, so notable in this year, marking the twentieth anniversary of the genocide, illustrates the possibilities and opportunities for any country seeking a new path to peace and prosperity. <\/p>\n

We know there is much further to travel and the World Bank Group is proud to accompany Rwanda on its journey to shared prosperity over the next four years.\u201d said Diari\u00e9tou Gaye<\/p>\n

Prepared jointly by the International Development Association (IDA), International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA), the new strategy represents a shared view of how resources across the entire Bank Group can best support the government\u2019s effort to achieve its national goals.<\/p>\n

\u201cThe Synergy between the WB m IFC and Mega using all their resources and expertise to make sure that they can together assist us in different ways and in all areas that are so crucial for our development is commendable.\u201d Said Claver Gatete, Minister of Finance and Economic Planning.<\/p>\n

IFC will provide investments and advisory services to help expand access to finance, promote competitive businesses and investment climate, and support critical sectors of the economy, including agribusiness and infrastructure. <\/p>\n

\u201cRwanda\u2019s remarkable economic reforms in recent years are helping to encourage investment in infrastructure, agriculture, manufacturing and financial markets. <\/p>\n

IFC will work across the World Bank Group in partnership with Rwanda\u2019s government and private sector to help create new jobs and opportunities for inclusive growth\u201c, said Cheikh Oumar Seydi, IFC\u2019s Director for Eastern and Southern Africa.<\/p>\n

MIGA will look for opportunities to support sustainable private sector investments in the power, water, transportation, and agribusiness sectors.<\/p>\n

\u201cAs Rwanda works to achieve private sector-led growth, MIGA guarantees can offer reassurance for foreign investors, including investors in public-private partnerships,\u201d said Michel Wormser, MIGA Vice President and Chief Operating Officer.<\/p>\n

The new strategy reflects results of extensive consultations with government, local government officials and Members of Parliament, the private sector, development partners, civil society, and academia. <\/p>\n

\"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

The World Bank last week officially launched new Country Partnership Strategy (CPS) for Rwanda. The new strategy launched June 25, will mobilize World Bank Group financing and knowledge behind three priorities expected to have the greatest impact on the country\u2019s development future These include: accelerating private sector-driven growth to create jobs; improving productivity and raising […]<\/p>\n","protected":false},"author":3,"featured_media":2000052876,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[75],"byline":[334],"hashtag":[],"class_list":["post-15163","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-homenews","byline-igihe-reporter"],"bylines":[{"id":334,"name":"IGIHE Reporter","slug":"igihe-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":334,"name":"IGIHE Reporter","slug":"igihe-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":{"id":2000052876,"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton15163.jpg","alt":"","caption":"","mime_type":"image\/jpeg","width":0,"height":0,"sizes":{"thumbnail":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton15163.jpg","width":1,"height":1},"medium":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton15163.jpg","width":1,"height":1},"medium_large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton15163.jpg","width":1,"height":1},"large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton15163.jpg","width":1,"height":1},"full":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton15163.jpg","width":0,"height":0}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/15163","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\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=15163"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/15163\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000052876"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=15163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=15163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=15163"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=15163"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=15163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}