Britain re-instates general budget support

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Britain has announced a decision to partially restore General Budget Support (GBS) to Rwanda which had initially been delayed after a UN Group of Experts report had accused Rwanda of involvement in the M23 mutiny in the neighboring Democratic Republic of Congo.

 

Secretary of State for International Development, Andrew Mitchell in a statement released early this week highlighted the government steadfast focus in seeking a peaceful resolution to the DRC crisis, and an impressive track-record in poverty reduction as the key factors in the decision.

 

“Rwanda has engaged constructively with the peace process initiated through International Conference on the Great Lakes Region and there is a continuing cease fire in the Kivus.”

 

“Given this progress and recognizing that the Government of Rwanda has continued to demonstrate its strong commitment to reducing poverty and improving its financial management, Britain will partially restore its general budget support to Rwanda,” Mitchell said.

 

The new approach will see only half of the delayed GBS tranche paid out, standing at £8 Million (Rwf 7.8 Billion). The remaining tranche, another £8 Million will be injected directly into grass-roots projects dealing with education and food security.

 

The decision concerns just the first of two budget support payments scheduled for the financial year 2012/13. The next disbursement is due in December 2012.

As per a release by the DFID, a decision on that disbursement will be made “in due course.”

 

 

 

 

About the author

Olive Ndaka is the Junior Editor for RwandaEye. An investor and young entrepreneur, she is a quick learner and has contributed many articles for RwandaEye in Kinyarwanda.

More posts by | Visit the site of Ndaka

 

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