Rwanda Investment Climate Reform Program

completed

The Phase 2 project continues to assist the government of Rwanda with investment climate reforms, building on the successes of Phase 1. Specific actions and objectives (by June 30, 2013, or within one year following program completion) include: 1) helping remove critical constraints to increased investment and export in the agribusiness sector, in particular the horticulture and tea sectors, resulting in increased investment of $15 million; 2) contributing to increased investments in Rwanda’s first Special Economic Zone by $25 million, including additional investments in the SEZ infrastructure and new SEZ users, leading to at least 4,000 direct jobs; 3) supporting enhanced public-private dialogue and continued investment climate reform (business taxation, trade logistics, doing business, and business licensing), leading to savings in private sector compliance costs of over $10 million; and 4) securing a minimum of $20 million in financing for businesses in Rwanda, based on moveable property registered through the new collateral e-registry.