Rwanda : World Bank launch Rwf3bn Competitive Project
The World Bank (WB), in conjunction with Rwanda’s Ministry of Trade and Industry (MINICOM) have launched a three-year project worth Rwf3 billion, aimed at improving and developing the competitiveness of its two key sectors, horticulture and tourism.
The joint project dubbed Governance for Competitiveness Technical Assistance Project was launched on June 11, in Kigali, Rwanda and is set to directly benefit six stakeholder institutions in the country.
The project funding is in four major components; the support for the Implementation of the National Export Strategy (NES)—taking the biggest share of over Rwf1.6billion (US$2.60 million), support to priority institutions under the Strategic Capacity Building Initiative (SCBI) -over Rwf780million (US$1.3million), support to improve Public-Private Dialogue (PPD) for Competitiveness receiving Rwf360million (US$0.6 million) and support for project coordination which was allocated Rwf300million (US$0.5million).
The benefiting institution will include: Rwanda Development Board (RDB), Ministry of Agriculture (MINAGRI), National Agriculture Export Board (NAEB), Ministry of Labour (MIFOTRA), Public Sector Capacity Building Secretariat (PSCBS), and Private Sector Federation (PSF).
Direct beneficiaries of the project include the staff of the selected institutions and all stakeholders falling under the two sectors particularly from the private sector associations.
The World Bank will provide both financial and technical support, while MINICOM, through its Single Project Implementation Unit (SPIU), will coordinate stakeholders.
It is estimated that at least 40 percent of the population is estimated will positively benefit through interventions in the value chains of the two economic sectors, and contribute to Rwanda’s development agendas ; Vision 2020 and the Economic Development and Poverty Reduction Strategy (EDPRS).
Francois Kanimba, Minister of Trade and Industry said that the short term project was timely and will boost Rwanda’s competitiveness, which is highly need as the country enters into regional and global methods of doing business.