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Rwanda's accountable economic governance gets EU fund

Xinhua, November 18, 2016 Adjust font size:

The European Union (EU) Friday announced 20 million euro in fund to support Rwanda's accountable economic governance.

The funding agreement was inked Friday in Kigali.

The grant will help improve governance of public funds and improve evidence-based policy-making and monitoring, among other things, according to Rwandan officials.

"EU regards Rwanda as the leader in sub-Saharan Africa in terms of proper use of donor money. We have high confidence in the country systems," Michael Ryan, the EU Ambassador to Rwanda, said at the signing ceremony.

Rwanda's Minister of Finance and Economic Planning Claver Gatete said accountable economic governance is one of the top priorities for his government.

This grant is part of the EU's 460-million-euro package of support to Rwanda signed in September, 2014 with European Commission in Brussels. Endit