Rwanda is partnering with the CIF to support its Vision 2020 plan, which articulates the objective of moving the predominantly subsistence-based agricultural economy to a middle-income, knowledge-based economy by the year 2020.
Source: World Bank
To expand energy access in rural areas, SREP $50 million is supporting private sector off-grid energy solutions, such as stand-alone solar PV solutions and mini-grids using renewable energy sources. SREP financing is helping to overcome financial, institutional, and technical barriers to establish sustainable off-grid markets.
Rwanda has also developed a FIP investment plan that builds on existing forestry policies and closely aligns with Rwanda’s strategic program for climate action under the PPCR. It focuses on strengthening resilience in the agriculture and water sectors, climate-proofing urban land use planning, and safeguarding Rwanda’s most disaster-prone landscapes against floods, landslides, and fuelwood harvesting.
Agriculture accounts for 36% of GDP, 80% of employment, and generates nearly half of the country’s export revenue
|NAME||FUND||FUNDING (USD MILLION)||COFINANCING (USD MILLION)||MDB|
|Renewable Energy Fund||FUNDScaling Up Renewable Energy Program in Low Income Countries||COFINANCING (USD MILLION) 48.94||FUNDING (USD MILLION) 51.00||MDBIBRD|
The CIF programmatic approach to investment planning and implementation brings strategic value to CIF recipient countries. Working through a transparent, country-led process, the CIF fosters trust and collaboration among government ministries, civil society, indigenous peoples, private sector, and the MDBs that implement CIF funding. Together, they translate Nationally Determined Contributions and other national development and climate strategies into an actionable CIF investment plan. Rather than one-off projects, the plan comprises long-term, sequenced investments that mutually reinforce each other and link to other critical activities, such as policy and regulatory reform and capacity building. Under national government leadership, CIF stakeholders continue to work together to implement the plan, continually assessing progress and sharing lessons learned along the way.