Rwanda secures $250 million from AfDB to improve access to water and sanitation

The Board of Directors of the African Development Bank Group granted loans of nearly USD 250 million to Rwanda in Abidjan to enhance the population’s access to water and sanitation services.

The initiative seeks to enhance the community’s access to water supply and sanitation services while strengthening the management of water resources and the operational efficiency of water and sanitation service providers in the designated regions.

Financing

The Sustainable Water Supply and Sanitation Program for Transformation, currently in Phase I, will receive a loan of USD 199.5 million from the Bank, and another of USD 50 million from the Africa Growing Together Fund (AGTF), a joint-financing fund created by the African Development Bank and the People’s Bank of China.

The Rwandan government will contribute USD 24.7 million towards funding the program. Implementation of the project is scheduled to last five years, from January 2024 to December 2029.

According to a statement by AfDB, the programme, which aligns with the Bank’s Country Strategy Paper for Rwanda (2022-2026) and its Ten-Year Strategy, as well as the “High 5” priority areas, especially “Improve the Quality of Life for the People of Africa,” will increase the Rwandan population’s resilience to climate change.

Source: Business Insider