As the European countries continue to suffer the hurting effects of the global economic crisis, German’s chargé d’ Affairs, Wolfgang Wiesner has affirmed that the German government shall continue giving financial support to Rwanda despite the ongoing financial crisis in the Euro zone.
German is being depended upon by collapsing countries like Italy and Spain.
Wiesner made the remarks during a signing ceremony of Euros 10 million grant to Rwanda’s general budget support and Public Financial Management (PFM) systems.
The minister of finance and economic planning John Rwangombwa highlighted that Euros 7million will be channeled through general budget and will be used specifically in the implementation of the Economic Development Poverty Reduction Strategy (EDPRS) 2008-2012 while Euros 3 million will be used to implement PFM reform strategy.
Mr. Rwangombwa noted that the reforms are aimed at ensuring effective and accountable use of public funds as a basis for economic development and poverty alleviation through improved service delivery.
“We are committed to better planning of the budgetary process, accounting and all forms of finance management,” he assured the German delegation.
Wiesner also pointed out that the German government cooperation with Rwanda has showed significant results especially in health, good governance, poverty reduction amongst others.
Meanwhile, Rwangombwa noted Rwanda had confidence in German’s support and he had no worry that the ongoing financial crisis in the Euro zone would affect German funded activities in Rwanda.
“With the EDPRS program for instance we have Rwf 3.6 trillion more than what we had targeted which is Rwf 3.4 trillion and the implementation process is moving smoothly.
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