The World Bank has approved a $70 million credit to support the government of Rwanda improve the efficiency, coverage and harmonization of its social protection system, the bank said in a statement recently.
According to the statement, this Development Policy Operation (DPO) is designed to support the government’s National Social Protection Strategy and continue Rwanda’s effort to address chronic poverty and reduce the impacts of external shocks on poor people through a larger and more efficient social protection system.
Building on the previous DPO series, this proposed programmatic work will help Rwanda to stay on course for reaching its poverty reduction goals, while addressing a new set of reforms critical to strengthening Rwanda’s social protection system, said Carolyn Turk, The World Bank Country Manager for Rwanda.
“This programme will help the government implement the objectives of its National Social Protection Strategy,” said Laura Rawlings, Lead Specialist and Team Leader for the World Bank’s Social Protection System programME for Rwanda.
Rawlings added that it would position Rwanda to better support the resilience of the poor and vulnerable and to generate opportunities for more Rwandans to move out of poverty.
