World Bank Plans Rwanda Aid in June

The World Bank will provide USD172 million to Rwanda in June,

reported. The aid aims to help the country deal with the global financial crisis. Johannes Zutt, World Bank's top official in Rwanda, said developing countries are now feeling the "second order effects" of the crisis, with reduced trade, investment, overseas development funding, remittances and tourism revenues.

About the author

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    Eliza Villarino

    Eliza Villarino is an associate editor for Devex and leads the company's news team in Manila. She played a critical role in conceptualizing the Development Newswire. Prior to joining Devex in 2004, she has already published articles and news briefs for Internet media organizations and for the Institute for Ethics and Economic Policy at Fordham University in New York. She earned her bachelor's in political science and master's in public affairs from the University of the Philippines. Eliza is a member of Mensa Philippines.