This financial instrument is expected to assist Rwanda in obtaining up to $214 million from international commercial banks, marking a strategic move towards diversifying its funding sources.

The guaranteed funds are earmarked for a host of critical initiatives, including renewable energy, climate change adaptation, disaster risk management, biodiversity conservation, and energy efficiency.

Additionally, the proceeds will support projects focused on forestry, food security, health, affordable housing, and access to essential social services.

These initiatives are in harmony with Rwanda's ambitious National Strategy for Transformation and Vision 2050, reinforcing the nation's commitment to sustainable development and positioning it as a trustworthy borrower in the global financial arena.

The move also aligns with Rwanda's Sustainable Finance Framework, ensuring that the mobilised funds are utilised effectively for green and sustainable projects, with a robust process for selection, evaluation, and reporting, adhering to international best practices.

--SABC--