KIGALI Rwanda (Xinhua) --
The World Bank has approved a
financing of 46 Million U.S. dollars to support Rwanda’s
efforts to increase and intensify agricultural
productivity and expand the development of value chains.
the World Bank officials on Thursday signed the
financing agreement, paving way for the disbursement of
funds that will support the country’s efforts towards
achieving inclusive agriculture development.
reporters shortly after signing the deal, Claver Gatete,
Rwanda’s minister of finance and economic planning said
that the money will be channeled towards supporting
agricultural transformation and improved commercial
will provide sustainable increases in agricultural
productivity which benefits the poor. It will contribute
to the impact of achieving sustainable economic growth
and reducing poverty given the fact that agriculture
constitutes 33 percent of our GDP,” he added.
the agreement, the funds will support agriculture and
animal resource intensification, research, technology
transfer and professionalization of farmers, value chain
development and private sector investment and as well as
institutional development and agricultural cross-cutting
support the ministry of agriculture and animal resources
to finalize the development of the new National
Agriculture Policy and design and develop the fourth
phase of the Transformation of Agriculture Sector (PSTA
Yasser El-Gammal, World Bank Country Manager for Rwanda
noted that the support would particularly enhance
irrigation, transport as well as research and technology
to increase productivity.
has a huge impact in Rwanda’s economy as it employs
majority of the population. It is important that the
sector is sustainable to positively impact the
population,” he said.
the achievement of the previous financing, the
additional credit for the third phase of the
Transformation of Agriculture Sector (PSTA 3) the third
Program-for-Results (PforR3) will continue to support
the government’s on-going efforts towards expanding and
sustaining the increased productivity gains that have
improved rural incomes and reduced poverty.
in Rwanda accounts for a third of the country’s GDP,
employing about 80 percent of the total population. It
contributes 47 percent of Rwanda’s domestic goods and
transformation and acceleration of agriculture in Rwanda
has been widely recognized which has led to improvements
in welfare and poverty reduction, in particular among
millions of rural farmers across the country.
The country’s second Economic Development and Poverty
Reduction Strategy (EDPRS2) define a large number of
programs in the agriculture sector including the
intensification of sustainable production systems in
crop cultivation and animal husbandry.