The funding is designed to strengthen the private sector while fostering sustainable economic growth in line with Rwanda’s Vision 2050, which emphasizes building a competitive and environmentally sustainable economy.

A key focus of the project is to promote green investments that balance economic progress with environmental preservation.

This includes supporting Rwanda’s climate goals, such as reducing greenhouse gas emissions by 38% by 2030.

Additionally, the funds will help Rwanda prepare for the global carbon market, an innovative platform where emissions reductions can be traded for financial benefits. Such efforts provide opportunities for countries like Rwanda, disproportionately affected by climate change, to secure investments from industrialized nations.

The initiative also prioritizes inclusive growth by targeting support for women-led businesses and small enterprises.

As Rwanda works toward achieving middle-income status by 2035, this investment is seen as a vital step in empowering the private sector to drive national development.

The World Bank has approved $255 million to support Rwanda’s development.