EUROPEAN UNION DISBURSES 2014 FINAL GRANT The European Union yesterday disbursed the final end-of-year budget support payment of €27.8 million (about Rwf19.2 billion) to the Ministry of Finance and Economic Planning. The funds are earmarked for agriculture, social protection, rural roads and nutrition. The payment brought the total amount of grant aid by the European Union this year to €69 million (Rwf58 billion). Two-thirds of the money is in form of budget support, which the EU ambassador Michael Ryan said reflected their confidence in Rwanda’s financial management system. “This has been a good year for the EU’s partnership with Rwanda. We have consistently maintained our financial commitments to Rwanda, and the figures speak for themselves,” Ryan said. In September, Rwanda and the EU signed a €460 million grant covering the next six years, to focus on energy, agriculture, governance and accountability. “We aim to allocate 80 per cent of this as budget support, in sectors worked out in full agreement with government. We align our assistance with government priorities,” he said. newtimes.co.rw/section/article/2014-12-25/184389/
Posted on: Thu, 25 Dec 2014 12:09:08 +0000
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