It is on a $ 100 million credit agreement that the World Bank (WB) and the Government of Rwanda have agreed to improve the capacity of national public agricultural institutions.
The agreement signed Friday, June 1, will increase the marketing of agricultural value chains in Rwanda. Thus, some programs are being put in place to help the government in its goal of improving the implementation of its agricultural transformation plan.
This action aims to strengthen the role of the private sector in the agriculture sector and to move the government from market player to market facilitator.
In addition, the agreement aims to improve the structure and capacity of the Rwandan Ministry of Agriculture and Animal Resources.
According to the Minister of Finance and Economic Planning of Rwanda, Uzziel Ndagijimana, the program will improve the structure and strengthen the capacity to undertake sector analysis, associated policy reforms and introduce relevant financing models to attract investment private.
“The Bank is pleased to support this second results agenda that has the potential to lead to transformation outcomes by focusing on the government’s agenda to support and support private sector investment in the agricultural sector.” Said Yasser El Gammal, country director of the World Bank.
Primarily, the grant will be invested in promoting fertilizer use, current technologies and market access as well as infrastructure development.
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World Bank deploys $ 100 million investment for Rwanda
Amadjiguéne Ndoye
Economic journalist with a Master’s degree in Communication and Journalism from the Higher Institute of Information and Communication Sciences in Dakar (ISSIC). Avid reader and music enthusiast. Feminist at heart and passionate about fashion.
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