Rwanda: The World Bank provides a total of US$65 million to boost poverty reduction activities in Rwanda.

0 Comments | M2 Presswire, January, 2005

M2 PRESSWIRE-28 January 2005-WORLD BANK: Rwanda: The World Bank provides a total of US$65 million to boost poverty reduction activities in Rwanda(C)1994-2005 M2 COMMUNICATIONS LTD RDATE:01272005 Washington DC - The World Bank Board of Executive Directors today approved an International Development Association (IDA) credit* of US$25 million in support of efforts by the Government of Rwanda to alleviate power shortages and enhance the capabilities of energy sector institutions.

The Urgent Electricity Rehabilitation Project, as it is known, was prepared in a fast-track six-month period in response to the request from the Government of Rwanda, according to Malcolm Cosgrove-Davies, the World Bank's Task Team Leader for the project. The project will receive...