PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

576907

Primary Business Area

Investment Climate

Disclosure Date

Feb 22, 2011

Country

Rwanda

Region

Africa

IFC Approval Date

Jan 12, 2011

Status

Completed

Estimated Total Budget

$4,500,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Nov 30, 2016

Project Estimated Start Date

Dec 15, 2010

Project Description

The Phase 2 project continues to assist the government of Rwanda with investment climate reforms, building on the successes of Phase 1. Specific actions and objectives (by June 30, 2013, or within one year following program completion) include: 1) helping remove critical constraints to increased investment and export in the agribusiness sector, in particular the horticulture and tea sectors, resulting in increased investment of $15 million; 2) contributing to increased investments in Rwanda’s first Special Economic Zone by $25 million, including additional investments in the SEZ infrastructure and new SEZ users, leading to at least 4,000 direct jobs; 3) supporting enhanced public-private dialogue and continued investment climate reform (business taxation, trade logistics, doing business, and business licensing), leading to savings in private sector compliance costs of over $10 million; and 4) securing a minimum of $20 million in financing for businesses in Rwanda, based on moveable property registered through the new collateral e-registry.