| Financier | Commitments |
|---|---|
| IDA Shorter Maturity Loan (SML) | 100.00 |
ADDITIONAL FINANCE-ACCESS TO FINANCE FOR RECOVERY AND RESILIENCE PROJECT (AFIRR)
Abstract*
A. Country ContextRwanda is managing a strong recovery from the pandemic, amidst inflationary pressures and downside effects of the ongoing Ukraine war. The country experienced a remarkable recovery in 2021, with 10.9 percent GDP growth compared to its 3.4 percent contraction during the pandemic. However, inflationary pressures have been mounting, driven mainly by domestic food and utility prices, and is projected to average 12.1 percent in 2022 compared... Show More
Development Objective
The Project Development Objective (PDO) is to increase access to finance and support recovery and resilience of businesses affected by the COVID-19 pandemic.
Key Details
Project Details
P179999
Active
Leyla Castillo , Brice Gakombe
Ministry of Finance and Economic Planning
Rwanda
April 6, 2023
(as of board presentation)
May 30, 2023
N/A
US$ 100.00 million
Development Bank of Rwanda,Business Development Fund
2023
US$ 100.00 million
N/A
Not Applicable
August 31, 2028
Yes
BANK APPROVED
April 21, 2024
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | 100.00 |
| IBRD + IDA Commitment | 100.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 100.00 |
Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025
No data available.
Detailed Financial Activity as of July 31, 2025
No data available.
Results Framework
No data available.