The
Government of Rwanda and World Bank Group have recently engaged in two
credit arrangements totaling $200 million to aid lift the country's
public fiscal management and upkeep agriculture sector revolution.
With
the aid of US $100million, the Transformation of Agriculture Sector
Program (Phase 3) will upkeep the Government of Rwanda's deliberate
ideas to renovate Rwanda's agriculture. The program will centre on
nurturing famer's income through branching out of crops, better use of
input to combat land erosion, enlightening irrigation, and augmented
private sector investments.
The
Public Financial Management and Statistics Systems program, with an
alike funding, will lift the government's statistical aptitude to make
evidence-based policy decisions and expand its planning and accounting.
This will put up to more efficient and effective use of public
resources. It will focus on accounting, auditing, budgeting and
reporting in both national and subnational governmental institutions.
"Public
Financial Management and agricultural transformation are central to
Government's development plans. It's crucial that we are able to make
evidence based policies that will in turn have a positive impact on our
people," said Claver Gatete, the Minister of Finance and Economic
Planning.
Carolyn
Turk, World Bank Country Manager for Rwanda for her part said: "One of
the innovative features of this Program is that it includes
gender-responsive budgeting, with training for planning and budget
officers to generate national and subnational gender statistics".
Both
programs will develop the Program for Results (PforR) financing gadget
in order to progress the effectiveness and efficiency of government
expenditure programs and help build institutions and capacity under the
programs being maintained.
PforR
is one of the three financing instruments in a four year Country
Partnership Strategy that was signed between Rwanda and the World Bank.
Others include Development Policy Objective DPO-Sector budget support
and Project Modality Support.
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