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.