The agreement, signed on December 18, 2024, under the Financing Green and Gender-Sensitive Public Spaces project, follows a previous 20 million euro grant intended to support investments in environmental protection initiatives.
The Minister of Finance and Planning, Yusuf Murangwa, thanked the Federal Republic of Germany for its strong development partnership with Rwanda and expressed optimism for continued cooperation.
He further noted that the grant would contribute to enhancing climate resilience in both rural and urban areas of secondary cities.
'Some of the investments to be made as part of this project include wetlands rehabilitation, improvement in stormwater management, and green infrastructure for the social and economic development of the areas involved,' he said.
Rwanda has set a target to reduce greenhouse gas emissions by 38% by 2030, with a budget of $11 billion allocated for addressing the impacts of climate change and environmental conservation through its Nationally Determined Contributions (NDCs).
German Ambassador to Rwanda, Heike Uta Dettmann, praised Rwanda for being an ambitious partner and effectively utilizing received support to improve the lives of its people.
'This investment will provide critical support to strengthening the resilience of cities to climate change and the quality of life of the urban population, and particularly for women, because it's all over the world that women are a huge part of everything,' she stated.
This project is part of the bilateral climate and development partnership between Rwanda and Germany, signed in 2022. According to Amb. Dettmann, this partnership is already valued at over 260 million euros.
The Nationally Determined Contributions (NDCs) program, which aims to address the effects of climate change and protect the environment, has a budget of $11 billion, with $6.2 billion required for implementation by 2030.
Juliet Kabera, Director General of the Rwanda Environment Management Authority (REMA), confirmed that the grant would help close the existing funding gap for Rwanda's climate change mitigation and environmental resilience programs.
She added that, based on current stakeholder participation, there is confidence that by 2030, the necessary funding will be secured.
Currently, the Rwandan government allocates 10% of its budget to environmental protection and addressing climate change impacts.
IGIHE
Source : https://en.igihe.com/news/article/rwanda-secures-frw30-billion-funding-from-germany
