The government of United Kingdom and Northern Ireland has extended a £10 million grant to the Social Protection Support to the Poorest in Rwanda (SPSPR) programme.
The grant extension will be channeled through the Department for International Development (DFID)
The non-budget aid support funds (estimated Rwf32.6billion) channeled through Vision 2020 Umurenge Program (VUP) and will be disbursed in five tranches with the first tranche of £10 million (Rwf10.2 Billion) to be disbursed this month.
The support is expected to benefit 97,000 households through direct support in 416 sectors while 80,000 households will benefit from public works in 156 sectors around the country
The Minister of Finance and Economic Planning Claver Gatete said funds will contribute towards reducing extreme poverty across the country, adding that Rwanda intends to cut extreme poverty from 45percent to 30percent by 2018, and further reduce it below 20 percent by 2020.
The head of DFID Rwanda, Mike Hammond, who looked very happy as he signed the memorandum between the two governments, said that DFID is committed to supporting Rwandans and hope that the contribution will continue to lift the poor out of poverty.
The UK government actively supports Rwanda in education, social protection and financial inclusion; agriculture and environment. Over 70 percent of UK support to Rwanda comes in form of Budget Support, making it the largest bilateral donor providing Budget support to the country.