MINECOFIN

MINISTRY OF FINANCE AND ECONOMIC PLANNING

REPUBLIC OF RWANDA

Rwanda and Germany sign financing agreement worth 42 million Euros to support Good Governance and Job Creation

Posted on 19.09.2018

The Minister of Finance and Economic Planning Dr. Uzziel Ndagijimana and the Ambassador of the Federal Republic of Germany to Rwanda Dr. Peter Woeste, today signed a financing agreement worth €42 million (Approximately Frw 42.2 billion).

The grant agreement will support decentralization and good governance (€12 million), the reform of Public Finance Management (€ 9 million), technical and vocational training /TVET (€ 14 million) as well as financial support to FONERWA worth €7million.

Speaking after the signing event, Minister Ndagijimana said the financing agreement will contribute towards Government of Rwanda priority areas such as good governance, employment as well as capacity building which will contribute to the achievement of Rwanda’s long term development goals. 

“The sustained development cooperation as well as the current agreement signed illustrates, once again, the mutual trust and excellent relations shared by the Government of the Federal Republic of Germany and the Government of Rwanda, Minister Ndagijimana said.

The German Ambassador expressed his appreciation of Rwanda’s development results in the past and highlighted the importance of the cooperation between governments, private sector and civil society for reaching the Sustainable Development Goals globally.  Germany is right now focusing strongly on improving its links with Africa, with the German Chancellor inviting African leaders in October to a G20 conference. “The ambitious plan of H.E. The President Paul Kagame to become independent from donors is highly appreciated.” 

The Division of Labor allows Germany development cooperation programme to be active in Education (including TVET); Decentralization and Good Governance, Private Sector Development and Youth; Public Financial Management (PFM); Financial Development. Germany also supports Regional Projects: Centre of Excellence for Health, Improvement of the Investment Climate, Microfinance sector-MIFSSA, ICGLR and Energy. 


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