MINECOFIN

MINISTRY OF FINANCE AND ECONOMIC PLANNING

REPUBLIC OF RWANDA

Germany commits Frw 75 Billion to support Rwanda for the next 3 years

Posted on 19.05.2017

Kigali, May 18, 2017-The Government of Rwanda and the Federal Republic of Germany today concluded development cooperation negotiations commonly known as Intergovernmental Negotiations (IGN) that will see the later disburse €81 million (approximately Frw 75 billion).

The three year framework (2018-2020) will see Germany continue to support key government priorities such as Education (Technical and Vocational Training), Governance and Decentralization, Private Sector development, youth employment as well as financial sector development.

The support comes after two day intergovernmental negotiations on development cooperation between the two countries. Both sides agreed to maintain open, frank and active dialogue for attainment of mutually shared goals.

Speaking after the negotiations the Minister of Finance and Economic Planning Claver Gatete noted that the Inter-governmental negotiations provide the opportunity to jointly evaluate what has been achieved or not achieved in every sector concerned by the cooperation and to assess the concrete results of all projects. 

“The cooperation of our two countries is slowly enabling Rwandans to build their capacities to meet daily challenges in improving their livelihoods. The commitment that we agree today for the next three years will be a means for further progress relating to the priority areas and targets as enshrined in our development agenda,” Minister Gatete said.  

Andreas Gies, the director-general of development cooperation at the German ministry of economic cooperation and development, reaffirmed Germany’s commitment to continue supporting Rwanda’s economic agenda to achieve sustainable and inclusive growth.

“We will continue mobilizing the private sector to come and invest in Africa particularly Rwanda so as to create employment opportunities for the young generation,” he said.

 Every three years, both countries hold Intergovernmental negotiations to fix the modalities of a new development program. The current IGN for the period of 2015-2017 took place in Kigali in November 2014 where Germany committed € 69.5 million.

Bilateral Cooperation between Rwanda and Germany began in the year 1963. Since then, GIZ and KFW, the implementing Agencies, on behalf of the Federal Republic of Germany have worked with local and international partners to reduce poverty, improve health care and governance and maintain sustainable economic development. 


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