Today, Premier Minister Dr. Edouard Ngirente received Mr. Zano Mataruka, Regional Representative of International Finance Corporation(IFC) for Rwanda and Uganda.
Their discussions focused on potential areas of investment including agriculture, education and natural resources.
In his role, Zano Mataruka leads IFC’s investment and advisory work in the two countries to deepen IFC’s impact around key sectors such as food security, climate adaptation, financial inclusion, and infrastructure development.
IFC, a member of the World Bank Group, IFC-a member of the World Bank Group-is the largest global development institution focused on the private sector.
On September 30, 2023, Rwanda and the World Bank commemorated 60 years of fruitful collaboration, one that has seen the country through some very dire moments, including building back after the devastating 1994 genocide against the Tutsi.
The collaboration supported many improvements in many sectors, with significant impact. Rwanda has rapidly expanded access to electricity from 6% in 2003 to 65% in 2023. The World Bank mobilized resources, financed generation, transmission, and distribution of power including from renewable sources, and is helping fuel economic growth.
The World Bank, IFC, and MIGA(Multilateral Investment Guarantee Agency) delivered one of Sub-Saharan Africa’s first public-private sector partnerships in the water sector, the Kigali Bulk Water Project, which is now supplying 27% of the city’s water supply.
Marshland and hill-side areas have been developed, irrigation systems expanded, rural communities empowered, post-harvest infrastructures enhanced, farmers trained in modern farming techniques, sector policies and institutions strengthened, and innovative approaches have been adopted to improve food security and farmer’s incomes.
To accelerate human capital development, key for the economy and future of the country, financial support, technical expertise, data, and research are improving access to quality education and acquisition of market-relevant skills. (End)