World Bank Group Approves Innovative Financing Package to Advance Job Creation in Rwanda
The World Bank Group has approved a new development policy financing operation to support Rwanda in creating more resilient and inclusive jobs. This financing package, amounting to $100 million in credit and a $240 million policy-based guarantee, aims to mobilize up to $450 million in commercial financing to support strategic investments under Rwanda’s Second National Strategy for Transformation.
This initiative is crucial as it reflects the World Bank Group’s commitment to fostering job creation in Rwanda. By leveraging resources and promoting reforms, it aims to enhance fiscal sustainability, expand economic opportunities, and enable the private sector to drive growth.
Eligibility
This opportunity is primarily aimed at the Government of Rwanda and stakeholders involved in job creation and economic development within the country.
Deadline: Ongoing
Benefits
The financing package includes a credit of JPY15.4 billion (approximately $100 million) and a policy-based guarantee of $240 million, enabling the mobilization of up to $450 million in commercial financing.
