The African Development Bank (AfDB) is contributing $38 million to boost entrepreneurship and job creation in Rwanda.

This is after the Tuni-based lender and the government of Rwanda, on April 16 signed financing agreements amounting to UA 25.61 million ($38 million) for a skills, employability and entrepreneurship programme.

The AfDB in a statement two days later, explained its support comprised a grant of UA17.19 million ($25.3 million) and a loan of UA 8.42 million ($12,623,264), adding that it will finance Rwanda’s financial year 2012-2013 budget.

The agreements were signed by the Rwandan Finance Minister, Claver Gatete and AfDB’s Resident Representative, Negatu Makonnen.

The overarching goal of this sector budget support is to contribute to the Government’s policy reform efforts aimed at promoting inclusive growth and accelerating poverty reduction.

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