Ofid loans $20m for water, sanitation projects in Rwanda
Opec's Fund for International Development (Ofid) signs loan deal with African Development Bank, Rwandan Government
Director general of Opec’s Fund for International Development (Ofid), Dr Abdulhamid Alkhalifa, in partnership with African Development Bank and the Rwandan Government, has signed a a $20m (AED73.5m) loan agreement to finance the second phase of Rwanda Sustainable Water Supply and Sanitation Programme, with the loan supporting the construction of eight water supply systems to serve 14 districts; the installation of 7,600 connections; and the provision of sanitary facilities in 10 schools, all of which will serve 1.5 million people.
According to a report by the UAE’s state news agency, Wam, Alkhalifa signed the agreement with Dr Claudine Uwera, Rwanda’s Minister of State for Economic Planning, during a high-level mission to the country, when he also met Rwandan Prime Minister Edouard Ngirente, who appreciated the fund’s contribution to “key sectors such as transport, energy, and water supply and sanitation”.
Uwera said: “This financing supports and complements the government of Rwanda’s efforts and commitment to universal access to water and sanitation services by 2024 as stipulated in our National Strategy for Transformation.
"By the completion of [Phases 1 and 2 of] this programme, it is expected that water and sanitation access will reach 81% of national coverage.”
Alkhalifa added: “Rwanda’s progress in recent years is remarkable and its ambition serves as an inspiration to others.
"Opec Fund is proud to be a longstanding partner of Rwanda and play a part in its success. We are able to support development projects via our public and private sector operations windows and will work with Rwanda as it continues on its journey of socioeconomic transformation.”