Rwanda and China Exim Bank discuss potential areas of cooperation

Posted on 24.06.2019

Beijing, June 24, 2019: The Minister of Finance and Economic Planning Dr. Uzziel Ndagijimana today met and held talks with the chairman of China Export Import Bank Ms. Hu Xiaolian. The discussion focused on ongoing and future cooperation between Rwanda and The Bank.

Minister Ndagijimana is leading a Rwandan delegation currently attending Forum on China Africa Cooperation (FOCAC) in Beijing, China.

Particularly the two discussed commitment to fast track new projects including Nyabarongo 2 power Project, irrigation, industrialization as well as exploring ways to support private sector.

“China is an important development partner to Rwanda and has actively supported us through various projects. We look forward to continue close collaboration by working on and realizing different projects under FOCAC action plan,” Minister Uzziel Ndagijimana said.

Reiterating the Bank’s support to Rwanda, Ms. Hu Xiaolian noted: “China Exim Bank will cooperate with Rwanda to implement development infrastructure projects as well as support the Private sector".

China has been active in the infrastructure sector, with the completion of Lot 4 and Lot 5 of the Kivu Belt road and the first phase of the Kigali Urban road upgrading project. It has also committed more financing to the Government of Rwanda for the Bugesera airport expressway and Huye–Munini road project signed during the state visit of President Xi Jingping in July 2018.

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