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Overview

Chinese government and Rwanda government sign financing agreement for RWF 5.6 billion grant to achieve Economic Development and Poverty Reduction Strategy

Commitments (Constant USD, 2023)$6,029,124
Commitment Year•2020Country of Activity•RwandaDirect Recipient Country of Incorporation•RwandaSector•Other MultisectorFlow Type•Grant

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Apr 1, 2020

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

Government Agencies

  • Unspecified Chinese Government Institution

Receiving agencies

Government Agencies

  • Government of Rwanda

Loan description

Chinese government and Rwanda government sign financing agreement for RWF 5.6 billion grant to achieve Economic Development and Poverty Reduction Strategy

Narrative

Full Description

Project narrative

On April 1, 2020, the Government of Rwanda and the People’s Republic of China signed a financing agreement to help achieve the second Economic Development and Poverty Reduction Strategy. The financing agreement was a grant, worth RWF 5.6 billion, and will support the government's efforts towards development goals as enshrined in the Economic Development and Poverty Reduction Strategy, according to Finance Minister, Claver Gatete.