Rwanda Receives $70 Million Credit From World Bank

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Rwanda will receive a $70 million credit from the World Bank to help the government  improve the efficiency, coverage, and harmonization of its social protection system. According to a press statement, this Development Policy Operation (DPO) will support the government’s National Social Protection Strategy and continue Rwanda’s effort to address chronic poverty and reduce the impacts of external shocks on poor people through a larger and more efficient social protection system, reports Star Africa.

“Building on the previous DPO series, this proposed programmatic work will help the Government of Rwanda stay on course for reaching its poverty reduction goals, while addressing a new set of reforms critical to strengthening Rwanda’s social protection system,” said Carolyn Turk, World Bank Country Manager for Rwanda.

Rawlings said that it would position Rwanda to better support the resilience of the poor and vulnerable and to generate opportunities for more Rwandans to move out of poverty.

 

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