Rwanda, Germany sign financial agreement worth € 52.108 Million to support Sustainable Urban Development

By IGIHE
On 24 April 2020 at 07:30

The Minister of Finance and Economic Planning Dr. Uzziel Ndagijimana and the Ambassador of the Federal Republic of Germany to Rwanda Dr.Thomas Kurz, today signed a financing agreement worth € 52.108 million (Approximately Frw 53 billion).

The grant agreement will support the Green City Kigali, a Sustainable Urban Development initiative (with €20 million), Decentralization, and Good Governance (with an additional €18 million), as well as the Promotion of Growth and Export, oriented SMEs (with additional € 14.1 million).

This financing agreement will contribute to the implementation of the Government of Rwanda’s priority areas, such as Decentralization/Good Governance, Employment Creation, as well as Green Growth Strategy which will contribute to the achievement of Rwanda’s long term development goals.

Development Cooperation between Rwanda and Germany focuses on Decentralization and Good Governance, TVET, Private Sector Development including export finance, Green Urban Development as well as improved access to energy and digitalization.

The Federal Republic of Germany and the Republic of Rwanda enjoy a long-standing bilateral cooperation since 1963 and today’s financing agreement is another milestone in strengthening this excellent cooperation.


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