RWANDA and international development banks plan to raise an extra 300 million euros ($328.86 million) to help the country adapt to a changing climate, the International Monetary Fund (IMF) said.
In April, the IMF said it had allowed for a disbursement of $98.6 million of an initial $319 million.
It said on Thursday, the new support would build on that and the Rwandan government’s fund-raising efforts would be helped by France’s Agence Française de Développement (AFD), the European Investment Bank (EIB), Italy’s Cassa Depositi e Prestiti (CDP), and the International Finance Corporation (IFC).
The proceeds will help businesses in Rwanda to access green financing and develop policies aimed at tackling climate change, the IMF said.
Advertisements
Advertisements
