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World Bank approves loan

    NAIROBI
    Rwanda has hailed a US $75 million loan by the World Bank as a sign of recovered confidence by the donor community, RNA reported on Tuesday. It noted that in the past, donors had been reluctant to disburse financial assistance in case it was diverted to the military. A senior finance ministry official, Prosper Musafiri, said most of the loan - repayable after 40 years - would be used for Rwanda's economic reform programme.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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