Africa-Press – Rwanda. Rwanda has successfully acquired US$100million loan from the Asian Infrastructure Investment Bank (AIIB) to further develop the country’s Information and Communication Technologies, Rwanda Finance Minister Dr. Uzziel Ndagijimana said on Thursday.
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is financing the Infrastructure for Tomorrow. This is not the first time AIIB bank is extending financing to Rwanda’s projects as the country pushes to recover its economy from the effects of Covid-19 pandemic.
For example on June 24th, 2021 AIIB approved a financing worth US$100 million to reinforce and expand the Government’s covid Economic Recovery Plan, specifically its component of Economic Recovery Fund established in 2020 to support the most affected private sector by COVID-19.
Uyu munsi, Guverinoma y’u Rwanda yasinyanye amasezerano y’inguzanyo ya miliyoni 100 $ na Banki ya Aziya y’ishoramari mu bikorwaremezo ikazafasha u Rwanda gukomeza guteza imbere ikoranabuhanga. #RBAAmakuru pic.twitter.com/9aUpPx64wa
— Rwanda Broadcasting Agency (RBA) (@rbarwanda) December 23, 2021
Uyu munsi, Guverinoma y’u Rwanda yasinyanye amasezerano y’inguzanyo ya miliyoni 100 $ na Banki ya Aziya y’ishoramari mu bikorwaremezo ikazafasha u Rwanda gukomeza guteza imbere ikoranabuhanga. #RBAAmakuru pic.twitter.com/9aUpPx64wa
— Rwanda Broadcasting Agency (RBA) (@rbarwanda) December 23, 2021 This was the first financing received by Rwanda from AIIB and the first project financed by AIIB in Sub-Saharan Africa. Meanwhile, the World Bank also extended another US$100 million for the same, now making it US$270 million for ICT that Rwanda has acquired.
World Bank Gives Rwanda US$170M To Accelerate Implementation Of Human Capital Development Program
World Bank Gives Rwanda US$170M To Accelerate Implementation Of Human Capital Development Program
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