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Rwf57 billion World Bank grant to support small-scale cross-border trade

Published on October 01, 2015

At least 80,000 cross-border traders in Rwanda, Uganda and DR Congo are set to benefit from a $79-million (about Rwf57 billion) World Bank funding support toward the Great Lakes trade facilitation.

Rwanda will get at least $26 milion (about Rwf19 billion) of the total grant that the World Bank Group’s board of executive directors in Washington DC, US, approved, on Friday, under its International Development Association (IDA).

According to a statement released from Washington DC, the fund will support the ‘Great Lakes Trade Facilitation Project’ designed to reduce the cost faced by traders, the majority of whom are small-scale and women, in the surrounding borders of the three countries. Read more. Source | New Times