Kigali — The World bank has approved a grant of $50m aimed at bolstering Rwanda’s poverty eradication efforts.
It fund will also see Rwandans cushioned from the full impact of shocks, from unemployment or illness to sudden natural disasters.Carolyn Turk, World Bank Country Manager for Rwanda said that while Rwanda has pushed back poverty dramatically in the past decade, it is still one of the world’s poorest countries.
“We are happy to continue supporting Rwanda’s efforts to manage its social safety net programs more efficiently, so that poor people can withstand economic and climatic shocks better and benefit more from economic growth,” she said
Rwanda has recently seen a record decline in poverty, from 57 percent in 2006 to 45% in 2011. The government has partly attributed this success to its social safety net programs.