EU increases aid by over Rwf 8billion

NYARUGENGE - The Ministry of Finance yesterday signed contracts with the Head of European Commission delegation in Rwanda, for an aid worth Euro11.440m (Approx Rwf 8bn) to help the government in emergencies and technical support. The grant to be disbursed in three batches, will be distributed in three major areas including, Rwf3.8 as assistance for the earthquake relief, Rwf3.4b to increase food security as a response to the rising food prices and Rwf1.5b for capacity building. James Musoni, the Minister of Finance and Economic Planning explained that the grant will be distributed and shared to boost the country`s economy, especially in the Western Province, as a way to move on with the country`s Economic Development and Poverty Reduction Strategy (EDPRS).