Reuters AlertNet Full site
Homepage | Newsdesk | NGO Latest | Crisis briefings | Country profiles | MediaWatch | Jobs | Alerting | Login

NEWSDESK

World Bank pledges more help for ambitious Rwanda
12 Aug 2009 18:37:08 GMT
Source: Reuters
* World Bank boss meets Kagame, praises reforms

* Focus on infrastructure, farming and private sector

By Lesley Wroughton

KIGALI, Aug 12 (Reuters) - World Bank President Robert Zoellick pledged on Wednesday to boost development aid to Rwanda to help the rebuild the country ripped apart by genocide.

The tiny landlocked east African state is reviving its economy with spending on tourism, agriculture and mining after 800,000 ethnic Tutsis and politically moderate Hutus were killed over a 100-day period in 1994.

Reforms and new programmes have turned the nation around in the 15 intervening years.

"On issue after issue, this is a country on the move," Zoellick told reporters after talks with the government, including a lengthy meeting with President Paul Kagame.

"It's a country that also brings great momentum."

Zoellick said the World Bank wanted to bolster the areas of infrastructure, farming and private sector development.

After several years of strong growth, Rwanda has been hit hard by the collapse in global trade and commodity prices.

Lower levels of foreign direct investment are seen slashing growth to around 5 percent this year from 11 percent in 2008.

Over the past three years, World Bank assistance to Rwanda totaled about $400 million.

"I'd like to do more," Zoellick said at the end of his visit to the capital Kigali.

He said Rwanda could benefit from international investment in agriculture and revenues generated by new global climate change initiatives for nations that protect their forests.

"This is a country where you feel for every dollar you spend, or every hour you put in, you get a tremendous return," he added.

Kagame is a former rebel leader whose fighters invaded to stop Rwanda's genocide. He has won praise for running a disciplined administration and attracting foreign investors, but critics say his leadership style is authoritarian.

Zoellick is on a three-nation tour to Africa visiting countries emerging from conflict including Democratic Republic of Congo, Rwanda and Uganda.

(Editing by Daniel Wallis and Michael Roddy)


AlertNet news is provided by

Email this article       Send comments

Topics

•  International Humanitarian Law

•  Media & Humanitarianism

MORE >>

Emergencies

•  Rwanda legacy

MORE >>

NGO latest

•  'We must have justice for rape survivors' - A call to Hillary Clinton from the Democratic Republic of Congo
CAFOD - UK

•  European Union reaffirms support for Geneva Conventions
Red Cross - UK

•  LEBANON AND GEORGIA CLUSTER BOMB VICTIMS REMEMBERED
HI - Belgium

•  Secretary of State Hillary Clinton Tours International Medical Corps Operations in Democratic Republic of Congo
IMC - USA

•  DRC: Clinton Should Highlight Rape and Justice Issues
CARE International - UK

MORE >>

Latest news

•  World Bank pledges more help for ambitious Rwanda

•  U.N. says violence, hunger threatens south Sudanese

•  Congo arrests Rwandan genocide suspect

•  DRC-RWANDA: We will pursue armed militias in the east - foreign minister

•  Congo arrests Rwandan genocide suspect

MORE >>
AlertNet news is provided by

Del.icio.us Del.icio.us  |   Digg Digg  |   NewsVine NewsVine  |   Reddit Reddit   
Thumb for /thefacts/imagerepository/RTRPICT/2009-07-25T170959Z_01_AFR931_RTRIDSP_2_SOMALIA-CONFLICT_mainimage.jpg|/thenews/pictures/AFR931.htm
Thumb for /thefacts/imagerepository/RTRPICT/2009-07-21T023325Z_01_HND500_RTRIDSP_2_HONDURAS_mainimage.jpg|/thenews/pictures/HND500.htm
Thumb for /thefacts/imagerepository/RTRPICT/2009-07-18T062743Z_01_CAI502R_RTRIDSP_2_EGYPT_mainimage.jpg|/thenews/pictures/CAI502R.htm
Thumb for /thefacts/imagerepository/RTRPICT/2009-07-06T091134Z_01_CAP01_RTRIDSP_2_SUDAN-BASHIR_mainimage.jpg|/thenews/pictures/CAP01.htm
Thumb for /thefacts/imagerepository/RTRPICT/2009-06-19T091432Z_01_INC104_RTRIDSP_2_KOREA_mainimage.jpg|/thenews/pictures/INC104.htm

Peacekeepers from the African Union Mission to Somalia (AMISOM) ride in their armoured personnel carriers (APC) during a patrol in Mogadishu, July 25, 2009. Some 4,300 African Union soldiers from Burundi ...



Disclaimers |  Copyright |  Privacy |  Contact Us |  Feedback |  About Us |  RSS XML

Last updated:Wed Aug 12 18:40:33 2009