KIGALI, (Xinhua) --
The World Bank announced Monday 120
million U.S. dollars credit to support Rwanda’s skills
Bank’s country manager to Rwanda Yasser El-Gammal said
the credit facility was expected to help in the
implementation of programs under Rwanda’s development
blueprint, the second Economic Development and Poverty
Reduction Strategy (EDPRS2).
also help Rwanda achieve its target of creating more
than 200,000 off-farm jobs as prescribed in the EDPRS2
blueprint,” he said at the signing ceremony of the
financing deal in Kigali, capital city of Rwanda.
concessional loan will be allocated toward priority
sectors including manufacturing, energy, transport and
logistics, said Rwanda’s finance minister Claver Gatete.
that the loan will support including a 3-year Priority
Skills Program for Growth project, which will focus on
high priority economic sectors such as energy, transport
and logistics, and manufacturing with a focus on “Made
in Rwanda” products.
will ensure provision of quality training program with
market relevance, and expand opportunities for
continuous upgrading of job-relevant skills for
This is the
second line of credit extended to Rwanda in the recent
the World Bank Group announced 50 million U.S. dollars
towards Rwanda’s power connectivity through off-grid