Iganace Bacyaha, the IFC Rwanda boss, said
He said the
Bacyaha also said the global funder would support the broadening of the country's capital market base, noting that this could help reduce
"We are putting resources together as
The strategy seeks to align support from development partners with government's economic transformation objectives as enshrined in the second Economic Development and Poverty Reduction Strategy (EDPRSII) blueprint.
The IFC chief said they will work with local banks to provide the funds in foreign and local currencies to support SMEs and create more jobs for Rwandans.
Bacyaha said they are providing some of the finance in local currency to avoid foreign currency fluctuations.
He called on the private sector to align their projects with EDPRS II objectives to qualify for funding.
Lack of affordable credit is one of the biggest constraints facing the private sector in the country.
EDPRS II is expected to be driven by the private sector to achieve sustainable development and is job creation.
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