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Friday, 08 August 2014

Rwanda Government and EU discuss Development Cooperation

The Government of Rwanda and the European Union (EU) today held strategic bilateral talks on how to further strengthen bilateral development cooperation.

During the meeting Government updated the EU on the country’s latest macroeconomic performance and medium term projections while the latter discussed implementation of the 10th European Development Fund (EDF) and the allocations of the 11th EDF amounting to €460 million for the next 5 years.

Minister of Finance and Economic Planning Claver Gatete noted that despite the 4.6 % economic growth registered in 2013 due to poor performance in the agriculture sector, necessary reforms were put in place to tackle growth impediments to achieve 11.5% growth in by 2018.

“There is a recovery plan. We will work towards ensuring that impediments are solved by constantly monitoring progress and intervening where necessary,” Minister Gatete said.

EU Ambassador to Rwanda Michael Ryan acknowledged the efforts that government has put into enhancing national development and pledged EU’s continued support.

“There has been substantial growth registered but more efforts are needed to achieve the EDPRS 2 targets given the growth registered last year,” Ambassador Ryan said.

Source: minecofin.gov.rw