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Rwanda : WORLD BANK sanctions US$ 70m support for ending POVERTY.

US$ 70m support has been sanctioned by the World Bank for expanding and toughen the Rwanda s social protection system that protects the most vulnerable people against effects of extreme poverty.

As per Minister of Finance and Economic Planning Claver Gatete, Poverty reduction and inclusive growth has been one of government s core strategies. Supporting vulnerable persons and families to escape extreme poverty ensures everyone benefits from Rwanda s economic progress .

Carolyn Turk, World Bank Country Manager for Rwanda stated, The government has used social protection programs very effectively over the past decade and now looks to reduce extreme poverty to 9 percent by 2018, according to Carolyn Turk, World Bank Country Manager for Rwanda.

The remarkable success has been achieved via effective use of social protection programs such as Vision 2020 Umurenge Program (VUP). VUP consists primarily of cash transfers and public works employment and covers over one million people.

The new grant would be aiding to strengthen management capacity and monitoring systems, make social protection more responsive to natural disasters, and expand coverage to greater numbers of poor regions and people.

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Publication:Mena Report
Geographic Code:6RWAN
Date:Mar 21, 2014
Words:196
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