Original disclosure @ WB website
Updated in EWS Jun 1, 2025
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According to the Bank’s website, the objective of this project is to support reforms aimed at creating a level playing field and mobilizing investment, particularly green. The is aligned with the GoR’s vision for transformative growth, targeting the advancement of private sector-led and eco-conscious development as encapsulated in Rwanda’s Vision 2050. This programmatic DPF series is structured around a comprehensive reform agenda that addresses key barriers impeding private sector investment and green growth. entral to this operation is its alignment with the World Bank Group’s Country Partnership Framework (CPF) for Rwanda for FY2021–2026, focusing on mobilizing private capital, enlarging the private sector’s economic footprint, and promoting green growth. This operation is aligned with the goals of the Paris Agreement. This DPF aims to stimulate green, private sector-led growth that is aligned with Rwanda’s priorities for climate mitigation, adaptation, and resilience. The design of this operation gives continuity to the reforms initiated in the first year of the series. It embodies lessons learned from implementing previous DPF operations in Rwanda, particularly from the Human Capital for Inclusive Growth programmatic DPF series. It has the following two pillars: (i) Creating a level playing field; and (ii) Mobilizing investment, particularly green.
None of the prior actions are expected to have a significant negative environmental impact, and some prior actions are expected to have positive environmental effects.
The overall risk rating for this operation is substantial. Key risks include institutional capacity, technical design, and sector strategies. Institutional capacity risks stem from governance challenges and the complexity of coordinating reforms across multiple ministries, although these are mitigated by the establishment of a cross-ministerial working group and capacity-building support from the World Bank. Environmental and social risks also pose challenges due to potential adverse effects during reform implementation, particularly in sectors involving climate and natural resource management. Strengthened regulatory frameworks and community engagement are in place to mitigate these risks. The technical complexity of reforms, particularly in green finance and investment, adds to the risk, but with strong technical assistance and close monitoring, these risks are considered manageable.
IDA Credit: US$ 244.20 million
IDA Shorter Maturity Loan (SML): US$ 10.80 million
World Bank
Albert Sole Canut
Senior Private Sector Specialist
Calvin Zebaze Djiofack
Senior Economist
Borrower/Client/Recipient
Ministry of Finance and Economic Planning
Gerald Mugabe
Head of Department, Development Finance Department
gerald.mugabe@minecofin.gov.rw
Yusuf Murangwa
Minister of Finance and Economic Planning
yusuf.murangwa@minecofin.gov.rw
Innocent Mugabe
Resource Mobilization Officer
innocent.mugabe@minecofin.gov.rw
Tesi Linda Rusagara
Minister of State in Charge of Public Investment and Resource Mobilization
tesi.rusagara@minecofin.gov.rw
Implementing Agencies
Ministry of Trade and Industry (MINICOM)
Antoine Marie Kajangwe
Permanent Secretary
a.kajangwe@minicom.gov.rw
Rwanda Development Board
Delphine Uwase
Chief, Strategy and Compliance Office
delphine.uwase@rdb.rw
Rwanda Inspectorate, Competition, and Consumer Protection Authority (RICA)
Emmanuel Mugabe
Ag. Director of Competition and Consumer Protection Unit
emugabe@rica.gov.rw
ACCESS TO INFORMATION
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ACCOUNTABILITY MECHANISM OF THE WORLD BANK
The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. Information on how to file a complaint and a complaint request form are available at: https://www.inspectionpanel.org/how-to-file-complaint