{"id":36427,"date":"2017-12-05T10:06:50","date_gmt":"2017-12-05T10:06:50","guid":{"rendered":"https:\/\/new.igihe.com\/world-bank-boosts-rwanda-energy-development\/"},"modified":"2017-12-06T21:48:17","modified_gmt":"2017-12-06T21:48:17","slug":"world-bank-boosts-rwanda-energy-development","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/world-bank-boosts-rwanda-energy-development\/","title":{"rendered":"World Bank boosts Rwanda energy development efforts with a$125 million loan facility"},"content":{"rendered":"<p>Signed on Monday, the loan is the first phase of $325 million (Rwf271 million) loan that the World Bank committed to Rwanda to support the energy sector.<\/p>\n<p>Rwanda will start to repay the loan after six years on the interest rate of 0.78%, and the full repayment will take 38 years.<\/p>\n<p>The Minister of Finance and Economic Planning, Amb. Claver Gatete said that it is the biggest loan the World Bank offered to Rwanda specifically in energy sector. He said the loan will help the government achieve the target of having all households connected to electricity by 2024. <\/p>\n<p> \u201cWe need electricity to light schools, homes for ordinary people, commercial institutions and development of industries\u2026 it will help us distribute electricity to population and ensure effective management by reducing losses,\u201d he said.<\/p>\n<p>Currently, electricity access is 40% and the government targets to increase the rate to 70% in three years\u2019 time.  <\/p>\n<p>The State Minister in charge of Energy, Water and Sanitation in the Ministry of Infrastructure, Germaine Kamayirese said the loan will be used in  repairing networks and help in reducing power blackouts due to old infrastructures. <\/p>\n<p>The Country Manager for World Bank Group, Yasser El Gamal said that based on achievements in energy sector and the rate of electricity access, he is optimistic that the loan will support efforts in achieving the targets.  <\/p>\n<p>\u201cRwanda has ambitious targets especially in the energy sector. It is the country that wishes to distribute electricity to all its population in the near future. The government has done good reforms in this sector and now the target is enabling easy access by all residents. Rwanda should celebrate the achievements because we have not witnessed them elsewhere,\u201d Gamal said.<\/p>\n<figure class=\"spip-document spip-document-23055 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/wb-2.jpg\" alt=\"The Country Manager for World Bank Group, Yasser El Gamal (L) The Minister of Finance and Economic Planning, Amb. Claver Gatete   \" \/><\/figure>\n<figure class=\"spip-document spip-document-23054 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/wb1.jpg\" alt=\"The Country Manager for World Bank Group, Yasser El Gamal (L) The Minister of Finance and Economic Planning, Amb. Claver Gatete  sign the loan \" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>World Bank and the Government of Rwanda have signed a $125 million (Rwf106 billion) loan facility to support electricity distribution services across the country.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[72],"byline":[170],"hashtag":[],"class_list":["post-36427","post","type-post","status-publish","format-standard","hentry","category-news","tag-featured-news-home","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","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":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","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":8}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/36427","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\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=36427"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/36427\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=36427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=36427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=36427"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=36427"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=36427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}