World Bank Boosts Rwanda's Poverty Reduction Drive

The World Bank will help Rwanda implement key policy priorities outlined in the country’s poverty reduction strategy, the Washington-based lender said. The bank’s board of directors approved on March 30 a USD115.6 million assistance package for the initiative. The package includes a USD14.3 million loan and a USD15.2 million grant from the bank’s crisis response window. The rest of the assistance will be drawn from the International Development Association’s funds.

The sectors expected to benefit from the assistance include agriculture, private-sector development, water, energy and infrastructure - particularly transport.

About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.