China offers financial support to Rwanda

The Chinese government has issued a grant worth Yuan 50, 000 000 equivalent to five billion Rwandan francs for infrastructure development in Rwanda as part of the bilateral cooperation between the two countries.

The grant repayable with no interest, and is aimed facilitating economic and technical cooperation.

The agreement was signed between Rwanda’s Minister of Foreign Affairs, Louise Mushikibawo and her Chinese counterpart- Chen Jian, the Vice Minister of Commerce in China.

Mushikibawo said that the agreement was important to Rwanda. “It is consistent with the government’s efforts to develop our country and substantially change the livelihood of our entire population. It also confirms our determination to move forward on all aspects of serious economic development of our country,” she said.

She noted that the amount will be used to support national developmental projects, though officials haven’t prioritized any scheme. “So far we haven’t discussed on any projects but I think we will select activities that are in line with upgrading infrastructure.”

Regarding economic cooperation, she hailed trade relations with china adding that sustainable development can only result from private business engagement in nation building, yet this can be achieved through the governments will to encourage this option.

Jian also stressed the need for both countries will improve private sector investments and advocate more Chinese entrepreneurship invest in the country.