MPs approve Rwf279bn financing to boost job creation

The Chamber of Deputies has approved two financing agreements worth a combined Rwf279 billion to support government programmes aimed at creating decent and sustainable jobs, according top The New Times report. 

The agreements, presented by Godfrey Kabera, Minister of State for National Treasury in the Ministry of Finance and Economic Planning, were approved on Thursday, August 20, with all 66 MPs present voting in favour.

The first agreement provides €81.71 million, equivalent to about Rwf140 billion, while the second is worth ¥15.02 billion, approximately Rwf139 billion.

The financing will support recurrent activities and development projects included in the current financial year’s budget under Rwanda’s Development Policy Financing Programme.

Kabera said the financing forms part of efforts under the second National Strategy for Transformation (NST2) to accelerate inclusive economic growth and expand opportunities for sustainable employment.

“One of the priorities under NST2 is to accelerate inclusive economic development and create decent and sustainable jobs. These financing agreements will help us implement measures and investments that contribute to that objective,” Kabera said.

Three areas targeted

Kabera said the programme will focus on three broad areas: strengthening public finance management, addressing barriers to job creation, and supporting industrial and agricultural transformation.

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