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World Bank giving $46 million for farming in Rwanda

Staff Writer |
The Government of Rwanda and World Bank Group signed a $46 million loan to support farming across the country.

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The money is part of the International Development Association (IDA) funding agreed upon back in 2014.

Amb. Claver Gatete, the Minister for Finance and Economic Planning, and Yasser El-Gammal, the World Bank country director, signed on behalf of the parties.

The financing will be used to support the third phase of four broad programmes aimed at transforming agriculture across the country, Minister Gatete said during the signing ceremony in Kigali.

"The financial agreement provides additional support to the already existing government's efforts to improve and diversify the country's agriculture sector," Gatete added.

According to Jean Claude Kayisinga, the permanent secretary, Ministry of Agriculture and Animal Resources, the fund will help increase the sector productivity focusing mainly on land terracing, irrigation and livestock.

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