(Tiper Stock Exchange) – Mobilize an additional €300 million to catalyze private investment and promote projects for Rwanda’s climate resilience: this is the goal of the partnership between Cassa Depositi e Prestiti (CDP), the Government of Rwanda, the International Monetary Fund (IMF), the World Bank, the European Investment Bank (EIB), the European institutions and some International Development Financial Institutions such as the Agence Française de Développement (AFD) and the International Finance Corporation (IFC) announced yesterday at the New Global Financial Compact Summit organized by President Emmanuel Macron in Paris.
The initiative – explains the note – is part of the agreement Resilience and Sustainability Facility (RSF) signed by the Rwandan government with the IMF, which has already guaranteed the country a loan of 319 million dollars, to which the other 300 million supported by the partners will now be added. The funds aim to facilitate public-private partnerships and increase funding and investment inflows to promote climate resilience in Rwanda.
In particularand, the CDP Group, in its role as Italian Financial Institution for Development Cooperation, it will define together with the Government of Rwanda and the Development Bank of Rwanda some joint actions aimed at increasing financing for the climate through the combination of public and private investments.
The partnership signed today – concludes the note – “represents a concrete example of the international community’s commitment to reshaping the architecture of climate financeincreasingly exploiting collaborative approaches that fit into existing investment programs, to facilitate public-private partnerships, attract more investment and increase the impact and reach of its programmes”.