RWANDA - Capital Market Development (R-CAMD) Project

The Rwanda Capital Market Development Project (R-CAMD) supports the deepening of Rwanda’s capital market and modernization of Rwanda’s financial sector in line with the Government of Rwanda (GoR)’s Vision 2050 and National Strategy for Transformation 2024-2029(NST-2) as well as the priorities under the Kigali International Financial Centre (KIFC) to transform Rwanda to an international financial Centreserving as a financial destination for investors seeking opportunities across the African continent. The R-CAMD project will contribute to accelerating the implementation of Rwanda’s Capital Market Masterplan (CMMP) 2018-2028, the operationalization of the KIFC, the establishment of a Rwanda Capital Market Academy and an Institute of Directors (IoD) and provide targeted capacity building on capital market regulations and operations to financial sector ecosystem in Rwanda. This project primely contributes towards climate adaptation result. As such 100% of the total approval is attributed as climate finance, out of which 5% is adaptation finance.