The value chain that forms Rwanda’s Agriculture sector has received a new financial boost worth $100million from the world bank.
Rwanda’s Finance Minister Uzziel Ndagijimana and Said Yasser El Gammal World bank Country Manager signed the deal on Friday.
According to a statement from World Bank, the funds will help Rwanda to improve the implementation of Strategic Plan for Agricultural Transformation (PSTA4) by focusing resources around building a stronger role for private sector engagement in the agriculture sector (includes farmer organizations), by having the Government shift from being a market actor to a market enabler.
The Bank is pleased to support this second Program for Results which has the potential of achieving transformational results by focusing on the government’s program which aims to leverage and increase private sector investment in the agriculture sector,” Said Yasser El Gammal World bank Country Manager.
In the Agriculture Sector Program 4, a phase 2 of the Program for Results (PforR2), government seeks to improve the structure and capability of Agriculture Ministy to strengthen sector analysis, associated policy reforms and design relevant financing mechanisms for attracting private sector investment.
It will also focus on specific interventions to improve the quality of public investments in essential services to leverage commercial agriculture, and support fostering competitive agricultural value chains, which requires the provision of critical services to support production, processing, logistics and marketing.