MINECOFIN

MINISTRY OF FINANCE AND ECONOMIC PLANNING

REPUBLIC OF RWANDA

Germany commits Frw 113.5 billion to support Governance, Sustainable Economic Development

Posted on 04.11.2020

November 4, 2020: Negotiations on development cooperation between the Government of the Republic of Rwanda and the Government of the Federal Republic of Germany were virtually held in Bonn and Kigali. Germany agreed to commit to Rwanda 90.55 million EUR (113.5 billion RWF) for 2020-2022.

Hon. Richard Tusabe, Minister of State in charge of Treasury in the Rwandan Ministry of Finance and Economic Planning, and Dr. Stefan Oswald, Head of the German Delegation and the DG for Marshall Plan with Africa; Displacement and Migration at the Federal Ministry for Economic Cooperation and Development, signed the new envelope.

Both sides acknowledged the long-standing relationship between the two countries. It was agreed that Germany’s development cooperation will focus on three areas: Decentralization/Good Governance, Sustainable economic Development/Technical and Vocational Education and Training and Environment/Climate protection.

Germany will support Rwanda’s COVID-19 response by contributing funds to social protection as well as to credit lines for small and medium enterprises hit by the COVID-19 crisis. Furthermore, it committed funds for the digitalization of the public sector in Rwanda as well as a support for Rwanda’s NDC Program. 


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