Rwanda: Support to COVID-19 Economic Recovery Fund for Private Sector (AIIB-000483)

  • Rwanda
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Infrastructure Investment Bank (AIIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Government of Rwanda
The holder of the loan, grant, or other investment.
  • Education and Health
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ AIIB website

Updated in EWS Apr 25, 2021

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Project Description

According to AIIB website, the project aims to address the liquidity and financing constraints of private sector businesses in response to and during the recovery from the COVID-19 crisis in Rwanda. This will, in turn, sustain MSMEs during the crisis period, and in post-crisis recovery, maintaining and creating employment. 

The Project will comprise 4 components:

  • Component 1 – Liquidity and recovery facility
  • Component 2 – Risk-sharing facility, to provide partial credit guarantees and de-risking mechanisms to MSMEs,
    in support of Component 1
  • Component 3 – Institutional strengthening and implementation, in support of Component 1
  • Component 4 – Contingency Emergency Response Component
Investment Description
  • Asian Infrastructure Investment Bank (AIIB)
Contact Information

Amina Rwakunda, Senior Economist, Macroeconomic Policy
Ministry of Finance and Economic Planning, Government of Rwanda


Suzanne Shaw

Infrastructure Sector Economist


Gabriel Alfredo Giacobone

Infrastructure Sector Economist


Leyla Castillo

Senior Financial Sector Specialist


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