Rwanda, UK sign Rwf36billion for Agriculture transformation

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Rwanda, UK sign Rwf36billion for Agriculture transformation

United Kingdom through the Department For International Development (DFID) today signed a four year financial agreement worth £34 million (approximately Rwf36.3 billion) for agriculture transformation in Rwanda.

The funds will support the third phase of the agriculture transformation (Strategic Plan for the Transformation of Agriculture (PSTA III) to ensure a sustainable increase in agriculture productivity which benefits the poor communities.

The support, to be channeled through the World Bank Performance for Results (PforR), is expected to deliver results in agriculture and animal resource intensification; research, technology transfer and professionalization of farmers; value chain development and private sector development and; Institutional development and support to agricultural cross-cutting issues.

Minister of Finance and Economic planning, Claver Gatete said that the support will contribute to the impact of achieving sustainable economic growth and reduction in poverty.

“By supporting agribusiness and increased commercialization, agriculture provides an important source of wealth creation and a pathway out of poverty and creates more jobs and income for others.

By improving resilience, livelihoods will be strengthened and people will be able to make the most of opportunities,” Minister Gatete said.

The PforR makes disbursements upon the achievement of pre-agreed strategic results in the Government of Rwanda’s latest Strategic Plan for the Transformation of Agriculture (PSTA III).

The Head of DFID Rwanda, Laure Beaufils noted that agriculture was key to both growth and poverty reduction and hence the need to support its transformation.

The UK government has the largest budget support for Rwanda among donor countries. The UK government has put its interests in the Education; Agriculture; and Social Protection sectors but also provides support to environment (FONERWA and Land Reforms) and Financial Sector Development.

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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.

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