The Development Bank of Rwanda (BRD) has secured more than USD 59 million in new international financing agreements aimed at accelerating Rwanda’s sustainable development agenda, expanding green investments, and supporting job creation.
The financing packages were signed through separate agreements with the Arab Bank for Economic Development in Africa and Cassa Depositi e Prestiti (CDP), Italy’s national development institution.
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BADEA Financing to Support Key Economic Sectors
The first agreement, signed with BADEA, includes a USD 25 million financing facility that will strengthen BRD’s ability to finance projects in strategic sectors such as manufacturing, exports, affordable housing, and women-led businesses.
BRD stated that the financing will support projects aligned with Vision 2050 and the National Strategy for Transformation (NST2), Rwanda’s long-term roadmap for economic transformation and sustainable growth.
Commitment to Sustainable Development Financing
During the high-level meeting, officials from BRD and BADEA reaffirmed their commitment to strengthening cooperation in sustainable development financing and supporting Rwanda’s economic ambitions. The discussions focused on expanding partnerships that can accelerate inclusive growth and long-term development.
EUR 30 Million Deal to Expand Green Finance
In a separate agreement, BRD also signed a EUR 30 million financing deal with CDP aimed at increasing support for environmentally friendly and climate-resilient projects across the country. According to BRD, the partnership with CDP will help expand investment in green finance initiatives while supporting private sector growth and innovation.
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International Confidence in Rwanda’s Development Vision
The bank noted that the agreement reflects growing international confidence in Rwanda’s development vision and its efforts to build a resilient and sustainable economy. BRD continues to play a central role in financing strategic investments that support economic growth, employment creation, infrastructure development, housing, renewable energy, and entrepreneurship.
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Role of BADEA and CDP in Development Financing
BADEA, the Arab Bank for Economic Development in Africa, is a multilateral financial institution that supports African countries through development financing and investment partnerships. Meanwhile, CDP serves as Italy’s national development institution focused on long-term economic and sustainable development projects.
Rwanda Continues Strengthening Global Partnerships
The latest financing agreements come as Rwanda continues strengthening global partnerships aimed at boosting industrialization, environmental sustainability, and inclusive economic development.
