World Bank outlines 6-year support framework to drive Rwanda’s growth
The World Bank outlined a six year partnership framework that will guide the Bank in supporting Rwanda's strategic priorities as laid down in the National Strategy for Transformation. The new framework is developed from World Bank’s comprehensive analysis of opportunities for achieving poverty reduction and shared prosperity in Rwanda as well as the challenges that the country faces. Financial Advisor, Eddie Balaba spoke to CNBC Africa for more.
Thu, 23 Jul 2020 10:04:16 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- The six-year partnership framework aligns with Rwanda's National Strategy for Transformation and aims to support the country's economic and social goals.
- The World Bank has a significant portfolio in Rwanda, with investments totaling $1.9 billion in various sectors including education, energy, and skills development.
- Rwanda's economic prospects have been impacted by the COVID-19 pandemic, but the World Bank's support is focusing on critical sectors to mitigate the effects and drive growth.
The World Bank recently unveiled a six-year partnership framework designed to support Rwanda's strategic priorities as outlined in the National Strategy for Transformation. This new framework is the result of a detailed analysis conducted by the World Bank to identify opportunities for poverty reduction and shared prosperity in Rwanda, while also addressing the challenges faced by the country. The relationship between Rwanda and the World Bank dates back to 1994, and the World Bank has been actively involved in various projects aimed at supporting Rwanda's economic transformation. The new six-year partnership framework, which will be in place from 2021 to 2026, aligns closely with Rwanda's National Strategy for Transformation that began in 2017 and is set to conclude in 2024. This partnership framework is centered around the pillars of Rwanda's transformation strategy and aims to bolster the government's efforts in achieving social and economic development goals.
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