finance
manager Claver Gatete,( R) together with Yasser El-Gammal, World Bank
Country Manager sign a finance deal in Kigali. Timothy Kisambira
The government and World Bank yesterday
inked a deal worth $80 million (about Rwf67billion to support the
country’s Social Protection System.
The concessional loan will notably be injected into Rwanda’s flagship Vision 2020 Umurenge Program (VUP), for targeted vulnerable groups.
According to Claver Gatete, the Minister for finance and economic planning, Strengthening Social Protection Project (SSPP) will help expand the coverage and improve the effectiveness of the VUP thus increasing the number of households receiving income support.
He told The New Times that it will also expand the number of working
days for public works, which will effectively increase the size of
transfers households received, adding that so far, about $428million has
been injected into the project.
The new support brings the project close to $518 million invested since 2009.
This will, according to Gatete, play a key role in reducing poverty levels across the country.
“Social protection remains one of the main priorities of the
Government of Rwanda for meeting its ambitious poverty reduction and
human capital development goals. To further this agenda, Rwanda has
started building an integrated social protection system to ensure a
minimum standard of living and access to core public services, boost
resilience to shocks, promote equitable growth, and strengthen
opportunity through increased human capital development,” Gatete said,
Project to benefit about 95,846 Ubudehe households
According to Laetitia Nkunda, the Director of Local Administrative Entities Development Agency (LODA), the project will extend eligibility criteria for Direct Support to more labor-constrained households, including vulnerable households with people caring for disabled members.
“It will also introduce a gender and child sensitive expanded public
works model to provide more accessible jobs to those ineligible for DS
but still with labor constraints, including caring for young children,”
she said, adding that the objective will ensure they increase the
coverage.
Overall, the project will benefit vulnerable households, primarily in Ubudehe Category 1 living in the 416 VUP direct support targeted geographical sectors, the 300 geographical sectors targeted for expanded public works as well as 270 geographical sectors targeted for classic public works.
World Bank re-affirms more support
Meanwhile the World Bank re-affirmed its commitment to continue supporting Rwanda’s projects especially those geared at reducing poverty levels across the country.
And for this particular support, Yasser El-Gammal, World Bank Country
Manager said: “It is part of the wider Government of Rwanda and World
Bank program to combat chronic malnutrition and invest in the early
years, along with other World Bank supported projects, namely the
Stunting Prevention and Reduction and Agriculture Projects”.
Poverty levels have reduced by 5.8 per cent, raising hopes that Rwanda could succeed in eradicating extreme poverty by the year 2020.
In 2014 the World Bank board renewed its commitment towards Rwanda through its four year Country Partnership Strategy (CPS) 2014-2018.
The Bank has so far extended another $438 million credit to support Rwanda’s social protection strategy.
The commitment will see the country receive between $200 million (about Rwf135 billion) and $250 million (about Rwf170 billion) extra funding per year to support priority areas in driving the country’s economic growth.
The government is targeting to reduce its extreme poverty levels to less than 30 per cent by 2017 as prescribed under the EDPRS2.
The concessional loan will notably be injected into Rwanda’s flagship Vision 2020 Umurenge Program (VUP), for targeted vulnerable groups.
According to Claver Gatete, the Minister for finance and economic planning, Strengthening Social Protection Project (SSPP) will help expand the coverage and improve the effectiveness of the VUP thus increasing the number of households receiving income support.
Yasser El-Gammal, World Bank Country Manager speaks to media.Timothy Kisambira
The new support brings the project close to $518 million invested since 2009.
This will, according to Gatete, play a key role in reducing poverty levels across the country.
The project will extend eligibility criteria
for Direct Support to more labor-constrained households, including
vulnerable households with people caring for disabled members
Project to benefit about 95,846 Ubudehe households
According to Laetitia Nkunda, the Director of Local Administrative Entities Development Agency (LODA), the project will extend eligibility criteria for Direct Support to more labor-constrained households, including vulnerable households with people caring for disabled members.
Finance minister Claver Gatete says that
Strengthening Social Protection Project will help expand the coverage
and improve the effectiveness of the VUP. Timothy Kisambira
Overall, the project will benefit vulnerable households, primarily in Ubudehe Category 1 living in the 416 VUP direct support targeted geographical sectors, the 300 geographical sectors targeted for expanded public works as well as 270 geographical sectors targeted for classic public works.
World Bank re-affirms more support
Meanwhile the World Bank re-affirmed its commitment to continue supporting Rwanda’s projects especially those geared at reducing poverty levels across the country.
Finance minister Claver Gatete,( R) together
with Yasser El-Gammal, World Bank Country Manager exchange documents in
Kigali. Timothy Kisambira
Poverty levels have reduced by 5.8 per cent, raising hopes that Rwanda could succeed in eradicating extreme poverty by the year 2020.
In 2014 the World Bank board renewed its commitment towards Rwanda through its four year Country Partnership Strategy (CPS) 2014-2018.
Laetitia Nkunda, the director of Local
Administrative Entities Development Agency reacts to a question from the
media. Timothy Kisambira
The commitment will see the country receive between $200 million (about Rwf135 billion) and $250 million (about Rwf170 billion) extra funding per year to support priority areas in driving the country’s economic growth.
The government is targeting to reduce its extreme poverty levels to less than 30 per cent by 2017 as prescribed under the EDPRS2.
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