Sunday, January 25, 2009

RWANDA - COMPETITIVENESS AND ENTERPRISE DEVELOPMENT PROJECT

The sector goal of the Competitiveness and Enterprise Development Project (CEDP) II is to promote private sector led growth for poverty reduction.

It builds on CEDP-I financed by the World Bank designed to promote competitive investment climate in Rwanda.

The main objective of the CEDP-II is to enhance enterprise competitiveness in Rwanda. Two other subsidiary objectives, which reinforce the main objective, are promoting awareness on the Credit Reference Bureau (CRB) and preparation for Basle II to strengthen risk-based banking supervision.

Thus, the project focuses on two beneficiary institutions namely, the Rwanda Development Board (RDB) and the Banque Nationale du Rwanda (BNR).

The project’s expected outputs include: RDB 5-Year Strategic Plan and Rolling Budget; resource endowment data base; investors’ outreach and after-care programme in targeted sectors; national framework for enterprise development with focus on small and medium enterprises (SMEs) with emphasis on women and youths; credit and financial information data base; and better trained staff in risk-based supervision to prepare for Basle II critical requirements.

The project, estimated at a total cost of UA 5.0 million, will be implemented over a three-year period (2009-2011).

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