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Britain pledges 55 million pounds

    ABIDJAN

    Britain has signed an agreement to provide Rwanda with a total of 55 million pounds (about US $70 million) worth of aid.

    Rwandan radio said the accord was signed on Monday by visiting British Secretary of State for International Development Clare Short and Rwandan Vice-President Paul Kagame.

    According to the Rwanda News Agency, 50 million pounds will help
    support the country's budget over a 10 year period, and another five million goes to the Rwanda Revenue Authority. "We hope that the signing of this protocol will seal our determination to extend it to other areas of cooperation," Kagame was quoted as saying. The assistance comes after the World Bank last month approved a US $75 million loan to support Rwanda's economic reforms, RNA noted.

    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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