AfDB To Boost Job Creation In Rwanda With $38m

erectile ampoule geneva;”>Rwandan minister of Finance and Economic Planning, Claver Gatete and the AfDB’s Resident Representative, Negatu Makonnen signed financing agreements on April 16 in Kigali amounting to UA 25.61m ($38m) for a skills, employability and entrepreneurship program.

The Bank’s support comprises a grant of UA17.19m ($25.3m) and a loan of UA 8.42m ($12,623,264m) which will finance Rwanda’s financial year 2012-2013 budget.

“The overarching goal of this sector budget support is to contribute to the Government’s policy reform efforts aimed at promoting inclusive growth and accelerating poverty reduction,” said Mr. Gatete.

The minister also commended the Bank for its continued support to his country’s development objectives. He noted: “The program will finance the implementation of critical program in the education, employment and enterprise development sectors which comprise key sectors to Rwanda’s economic transformation.”


Makonnen remarked that the beneficiaries of this program will include youth, women and small and medium enterprises. “The youth and women comprise 40 percent and 52 percent of the population respectively while SMEs account for over 90 perecent of private sector establishments and employ the majority of the population.

Therefore, the Bank’s support through will directly contribute to improving Rwanda’s competitiveness and the broader goal of inclusive growth,” he added.

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