Rwanda: Competitiveness and Enterprise Development Project [Additional Financing]

IDA Grant: US$6 million

PROJECT DESCRIPTION: The additional financing grant will focus on the financial sector in Rwanda. It will support the Government’s Financial Sector Development Program (FSDP) in five high priority areas: (i) building capacity in the microfinance sector; (ii) developing accounting and auditing standards; (iii) enhancing the regulation and supervision of Non Bank Financial Institutions (NBFI); (iv) strengthening the national pension fund, Caisse Sociale du Rwanda (CSR); and (v) modernizing the payment system. The FSDP was completed in 2007 and is an important part of the Government’s recent Economic Development and Poverty Reduction Strategy (EDPRS).

For more information, please call Herbert Yusimbom Boh at (202) 473-3548 or email hboh@worldbank.org

For project documents, please visit:

http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=368651&menuPK=368755&Projectid=P106978