{{The Government of Rwanda and the Peoples Republic of China today signed RMB Yuan 50,000,000 (approximately Frw 5.4 billion) financial agreement.}}
The funds will support Government’s targeted goals within the Economic Development and Poverty reduction strategy (EDPRS 2). Projects to be funded will be agreed by both sides at a later stage.
The Minister of Finance and Economic Planning Claver Gatete noted that China was involved in several areas of Rwanda’s economic development such as infrastructure, health and agriculture.
“We exploring ways of enhancing trade between the two countries especially through export promotion and encouraging foreign direct investments in Rwanda,” Minister Gatete said.
The funds are part of China’s annual grant support to the Government and are expected to be allocated before the end of this year.
Rwanda’s has had cordial relations with China since 1971 when the first medical team was dispatched to Rwanda in Ngoma district.
Chinese Ambassador to Rwanda Shen Yong Xiang hailed the strong cooperation as one of mutual benefit and respect.
“We are looking to build on our long term reliable partnership to enhance trade and investments in both countries,” Ambassador Xiang said.
Cooperation with China has continued to grow considerably over the years with an estimated financial support of US$ 5 billion in various sectors such as transport, health, agriculture and education.
This support has benefited projects among others; Kigali Urban Road Upgrading Project (36km), Kibungo Hospital, MINAFFET building.
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