"); NewWindow.document.close(); return false; } // end hiding from old browsers -->

Wednesday 24 August 2005


Search

Regions

RWANDA: EU grants Kigali €52 million for budget deficit

[ This report does not necessarily reflect the views of the United Nations]

KIGALI, 29 Apr 2005 (IRIN) - The European Union has given Rwanda a €52-million (US $67-million) grant to finance the country's budget deficit, an official told IRIN on Friday.

An attaché at the EU mission in Kigali, Genevieve Anne Dehoux, said the grant would also help the country to improve its road network.

This is in addition to a €124-million ($159.92 million) EU grant Rwanda over a five-year period.

"We had a midterm review in which we examined performance and found that the money was well utilised, that's why the EU decided to increase the amount," Dehoux said.

Under budget support, Rwanda plans to use the money to implement poverty reduction strategies in the country in which over 50 percent of its 8.4 million people live on less than a dollar per day.

The EU's support for Rwanda, running from 2002 to 2007, now amounts to €176 million ($226.98 million).

[ENDS]

Accessed	604
Theme(s)	Economy

Other recent RWANDA reports:

Genocide suspect Bagaragaza transferred to The Hague, 19/Aug/05

Kigali, Bujumbura, UN refugee agency sign repatriation deal, 19/Aug/05

Genocide suspect surrenders to genocide tribunal, 16/Aug/05

Release of suspects in the 1994 genocide angers survivors, 9/Aug/05

EU grants 4 million euro to ICRC for protection programme, 9/Aug/05

Other recent Economy reports:

MALAWI: Crackdown on unregistered post-secondary education planned, 23/Aug/05

NIGER: Women bear the brunt of hardships and food shortages, 23/Aug/05

LIBERIA: Steel giant plans to resuscitate iron ore exports, 23/Aug/05

NIGER: United Nations boss, Kofi Annan, visits the hungry as MSF blasts UN, 23/Aug/05

IRAQ: Focus on progress made in marshlands, 22/Aug/05

[Back] [Home Page]

Click here to send any feedback, comments or questions you have about IRIN's Website or if you prefer you can send an Email to Webmaster

Copyright © IRIN 2005
The material contained on www.IRINnews.org comes to you via IRIN, a UN humanitarian news and information service, but may not necessarily reflect the views of the United Nations or its agencies.
All IRIN material may be reposted or reprinted free-of-charge; refer to the IRIN copyright page for conditions of use. IRIN is a project of the UN Office for the Coordination of Humanitarian Affairs.